Pandemic-era real estate frenzy hits Central Kentucky

 Pandemic-era real estate frenzy hits Central Kentucky

BOURBON COUNTY, Ky. (LEX 18) — Central Kentuckians are experiencing the effect of the pandemic-era real estate frenzy as the value of homes and demand rise.

Realtor Amy Boone knows because she’s been selling homes in Central Kentucky for 15 years. She says the competition for buyers right now is like nothing she’s ever seen.

“There are just so many buyers who are ready and have the financing available but yet there’s just not enough inventory, just not enough houses and so buyers are just scrambling,” said Boone.

The Lexington-Bluegrass Association of Realtors estimates the average time a home is on the market in the area now is 36 days. That’s compared to 59 days just a year ago.

“People are having to make such quick decisions, literally, they can look at the house and, you know, look at it for 15 or 30 minutes, and then they have to make a decision. Are we going to buy this,” said Boone.

Boone says the small towns like Paris are no…

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