The Greater Owensboro REALTOR Association announced Wednesday that the Owensboro region saw record sales for the third year in a row in 2019. Despite having lower inventory to work with than in years’ past, 2019 sales volume exceeded 2018 by more than $18 million, and 108 more homes were sold than the year before.
President of the association Karen Gross attributed the success to fast-selling homes across the area.
“We have been short on inventory based on the number of houses on the market, but houses are selling very quickly,” she said.
Those looking to purchase homes haven’t wasted time due to fewer options, and they’ve gotten a little less picky, Gross said.
“People do want move-in ready, but they’re willing to overlook some things so they can get a house,” she said.
Also due to low inventory, the average and median home prices were up from 2018, while the selling price ratio and days on the market remained steady.
Residential properties sold
1,729 in 2019
1,621 in 2018
1,549 in 2017
Average selling price
$159,658 in 2019
$158,928 in 2018
$153,111 in 2017
$276,049,142 in 2019
$257,621,934 in 2018
$237,168,462 in 2017
“The fact that our market continues to set records even with low inventory shows the power and benefits of using local professionals,” Gross said. “The stats don’t lie.”