Strong Bluegrass housing market’s sales, listings, inventory rise in May

The housing market across the Bluegrass region continued to gain momentum in May, according to the latest report released by Bluegrass Realtors, which represents 4,000 realtors in 38 counties. Increased inventory, stronger sales activity and a rise in pending contracts point to a healthy spring market, while home prices remained relatively stable compared to last year.

Inventory levels continued their upward trend, providing buyers with more choices than they have seen in several years during late spring. A total of 4,189 homes were available for sale in May, representing a 7% increase from the 3,918 homes available one year ago. Inventory reached its highest May total since 2019 and has now posted 31 months of consecutive year-over-year growth.

Months of inventory stood at 2.9 months, up slightly from 2.8 months last year, but still below the previous month when it was 3.2. May’s number was the lowest since July 2025 and has been trending lower through 2026 as sales continue to outpace the overall increase of inventory.

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