Summer is right around the corner and that means more people are buying and selling homes.

Katy's Kelsi Starks explores what's next for the housing market in Kentucky.

Well, here in Louisville, the sales prices continue to rise on homes and inventory remains low.

And Elizabeth Delahanty is the treasurer elect of Kentucky Realtors explaining what this means for homebuyers.

We're heading into that season where people are looking to buy or sell a home.

What are the latest trends here in Kentucky?

So thank you for asking me that, Kelsey.

The latest trends here are just what you said.

We're still seeing an increase in median and average sales prices, which is great for homeowners.

They have more equity in their home now than they have in the past.

The days on the market is a little longer, so houses are not going under contract quite as quickly as they were.

But having said that, in the 11 counties in the Louisville area, it's gone from 32.

Today's on the market to 47.

So we're not seeing a big increase.

And that's true across the state.

So it's taking a little longer for houses to get under contract, but we're still seeing buyers in multiple offers.

There's high demand and we do need more inventory.

We need more properties to sell.

Okay.

So what kind of advice would you give if somebody is looking to buy or sell a home coming up this summer?

Well, number one is seek out your trusted realtor.

Seek out a realtor in your community because realtors are in all 120 counties and we are community advocates and we know a lot about what's going on.

And we can help you.

We have a fiduciary duty to help you.

And so you want to reach out to a trusted real estate professional who then will walk you through the entire process.

There's still a great loan programs out there, very creative financing options to help a buyer.

So an even for first time homebuyers?

Absolutely.

We have a great Kentucky housing corporation, has a down payment assistance program there, rural housing opportunities.

And of course, you can't go wrong with a VA FHA loan or conventional loan program.

Okay.

So let's talk about House Bill 62, which tackled the issue of wholesaling, and you are considered a top legislative priority this session and it was passed.

So explain what is wholesaling and why that was so important.

Yes.

Well, first of all, I want to recognize our main bill sponsor, Speaker Pro Tem David Mead, who is a realtor in Lincoln County, and he was the main sponsor and he understood the need to address the wholesaling issue in Kentucky.

So wholesaling is when someone enters into a contract and then they immediately advertise that contract for sale before it closes.

So they are advertising, they're not abiding by Kentucky advertising laws that real estate licensees have to adhere to.

Well, thank you so much for being here.

We appreciate your expertise.

Kentucky Realtors represent about 13,000 realtors in every county all across Kentucky.

Thank you, Kelsey.

Right now, Kentucky is considered to be a seller's market with inventory low and sale prices high.

That's comparable with the rest of the country.