Prospect Ky Real Estate | Median asking price of Prospect Ky homes for sale drops to $485,000

For months and months, the median asking price of Prospect Ky homes for sale sat right at $500,000, with almost no variation at all.  However, in the past few weeks, we have seen a bit of a drop off, as median asking prices have fallen in Prospect about 3%, or $15,000, down to $485,000.  My best guess at this point why median asking prices may be falling at this point is pretty simple.  It is heading into spring, and lots and lots of people are putting their house on the market.  And a lot of the new listings are priced less than $500,000, which will naturally bring the overall median asking price down.