Lexington and the I-75 corridor are still seeing strong interest in both new construction and existing inventory. I've had more buyer conversations in the first six weeks of the year than I expected, and a lot of it is focused on land and smaller commercial parcels—anything from a few acres for a future build to existing strip or office that can be repurposed.
Sellers who priced right are moving quickly. The ones that sit are usually either over the market or have title or condition issues we have to work through. If you're thinking about listing in the next quarter, now is a good time to get a realistic number; inventory is still tight enough that good product gets attention.
On the residential side, new construction in the London area and north of Lexington continues to draw serious traffic. Buyers are comparing specs and finishes more than they were a year ago, but demand is there. For existing homes, the under-$400k segment is the most active.
I don't see a big shift in the next 90 days—maybe a slight uptick in listings as we get into spring, and rates will keep driving some of the conversation. If you're buying or selling in Central Kentucky this year, the usual rules still apply: price to the comps, be ready to move when the right thing hits, and don't assume the first offer is the only one.