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Housing Market Looks Weak Across Country, But Stays Strong In South Central Kentucky

By: Elsa Bolt Email
Updated: Thu 7:29 PM, Apr 19, 2012

While the housing market is looking down across the country, realtors say it's actually looking up here in South Central Kentucky.

The National Association of Realtors say nationwide, home sales fell two point six percent last month.

But according to the Realtor Association of Southern Kentucky Inc. ®, Warren County is just one of several bucking the trend.

"In February to March of this year, in Warren County of residential sales, we've seen a one percent increase and if you look at those numbers last year, from February to March, we also saw a one percent increase from last year to this year," says Steve Davis, the President of the Realtor Association of Southern Kentucky.

In the county, they say 68 existing homes were sold in February while 90 were sold in March.

"We're a diverse area and we have so much industry around here that's doing expansions and bringing in jobs, we have such a wide range of incomes in our area all this attributes to sales," says Davis.

Weichert Realtors in Bowling Green also say they are seeing an increase of home sales.

"My wife and myself have seen an increase in sales this year. At the end of may, we'll be at 60 percent of what we did the entire year last year," says Gary Wantland of Weichert Realtors.

They say right now homes stay on the market for about four months whereas a year ago, it was closer to five.

They also say local residents are taking advantage of the historic low mortgage interest rates of 3.9 percent, which they also say can be fixed for the next 15 to 30 years.

Realtors expect the housing market to stay strong here.


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