Prospect Ky Real Estate | Prospect Homes For Sale

The Prospect Ky real estate market is firmly in the grips of a strong Buyers Market, and has been for quite awhile.  Look at the graph below, provided by Altos Research, which shows the Median Action Index for homes for sale in Prospect, or 40059.  This is a collection of measurements, such as days on market, asking price and  how many homes are leaving the market, combined together to find out if our local market is in a sellers or buyers market, and how far so.  A measurement of 30 marks a balanced or neutral market.  Below 30 is a Buyers Market, and Prospect is showing a median market action index of 15, a very strong buyers market.

Prospect Ky has seen four straight months of falling inventory levels when measuring homes for sale.  According to the 90 day rolling average on the graph below, you can see that the inventory levels peaked back in September, and in every month since then, the number of homes for sale in Prospect Ky has dropped.  If you prefer to look at the weekly data points, shown in black, you will find an occasional spike up, but overall, the trend is clear, and the trend is straight down.  Prospect went from a high of almost 278 homes for sale in the past year, down to 210 just last week.