Summer is the peak homebuying season, but new numbers out by the National Association of Realtors show home sales in the U.S. have been sliding down almost 3% in June from the previous month.

Home sales in Kentucky, however, are trending in the opposite direction, according to Kentucky Realtors.

We spoke to the association's president about the state of real estate and Kentucky at the first of the year.

People were really unsecure and not knowing where the interest rates were going.

Not.

Not knowing where the economy was going.

And I think that kind of settled into the fact that this is the new norm.

You know, interest rates are just under 7%.

And, and they've become accustomed to that and they've changed their parameters in their searches accordingly.

We have, about three, three months, 3.27 months of inventory.

And to be a buyer's market, you need to be at about six months.

A steady market is going to be somewhere between 4 and 6 months of inventory.

So we are definitely still in a seller's market, but inventory is staying on the market longer, so buyers have more to choose from.

We still have an average of 13 days on market.

At one time, you put your house on the market and you know, at noon and by 6:00 you can have ten offers or 20 offers or and have to do a spreadsheet to keep everything straight.

So it's not that way.

But if the house is price right, it's going to sell.

Counties like Oldham, Spencer and Scott actually have the highest median sales price, and they're some of the fastest growing counties in the state.

So we're kind of bursting at the seams if you will.

Hopefully we can get some legislative incentives for some developers and builders and and, be able to offer some more affordable and attainable housing because that's our that is our weakness.

Is affordable and attainable housing those first time homebuyers are in that 2 to 300.

And sometimes in that 3 to 400 range.

And I never thought I would see that in my lifetime that that was a first time homebuyers price range.

As far as buying versus renting, there are so many programs in Kentucky and so many federal programs that you can get into a house without having a huge down payment.

And I don't think a lot of people realize that.

So it's not.

But a lot of times it's also a choice.

But rental prices are very high.

I would definitely always suggest if it were my children, my grandchildren, I would always suggest you buy if you can.

There's there's nothing that bui Kentucky represents more than 13,400 realtors involved in residential and commercial property sales.