Market Intelligence Report — KY-660

Murray, KY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-KY-07
As of the latest 2026 data
Stabilizing

Median Listing

$348K
-3.3% YoY

Pending Ratio

0.46
+2.6% YoY

Active Inventory

108
+33.3% YoY

Median DOM

71 Days
+13.6% YoY

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The Murray, KY market is currently stabilizing, characterized by a pending ratio of 0.46. While inventory expanded significantly with active listings up 33.3% year-over-year, median listing prices experienced a modest decline of 3.3% over the same period.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Murray market right now.

The market is absorbing new supply as active listings increased by 33.3% year-over-year, alongside an 18.2% rise in new listings. Despite this inventory growth, the pending ratio of 0.46 indicates a steady absorption rate. Median listing prices have moderated, registering a 3.3% year-over-year decrease, with a more recent month-over-month decline of 0.7%. However, median price per square foot experienced an 8.2% year-over-year increase, suggesting some underlying value appreciation despite overall price cooling.

Historical Analysis

Market Trends

Median Price

$348K-0.7% MoM

Active Inventory

108+33.3% YoY

Days on Market

71+13.6% YoY

Sold Score™

48+2.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

48
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage in this market leans towards a more balanced dynamic, supported by a pending ratio of 0.46. The notable increase in active listings (33.3% year-over-year) suggests inventory pressure is easing, providing more selection. This could lead to greater price discipline as properties remain on market longer, with median days on market at 71.

Luxury Segment

The average listing price in the market decreased by 4.1% year-over-year to $399,445, while the median listing price saw a smaller decline of 3.3% to $347,500. This widening spread between average and median prices, alongside the average price decline, suggests some softness within the higher price tiers of the market.

Supply Dynamics

108 active listings represent the current floor, with new supply arriving at roughly 52 per month.

Pricing Pressure
13.4%

of active listings carry a price reduction, -9.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +8.2% year-over-year.

Absorption
0.46

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Murray, KY? Homes here are taking 9 days longer to sell than last year.

Murray, KY is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
46%
Median Days on Market
71 days
Inventory YoY
+33%

Murray, KY is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Murray, KY
CBSA Code
34660
State
KY
Analysis FAQ
  • What is the current market condition in Murray?+

    As of the latest 2026 data, the Murray metro is classified as Stabilizing. Pending ratio is 0.46 with median days on market at 71.

  • Are home prices dropping in Murray?+

    Median listing price is $348K, -3.3% year over year. 13.4% of active listings carry a price reduction.

  • How fast are homes selling in Murray?+

    The typical listing sits 71 days on market, a +13.6% change YoY. New listings are arriving at 52 per month.

  • What's happening in the Murray luxury market?+

    The average listing price in the market decreased by 4.1% year-over-year to $399,445, while the median listing price saw a smaller decline of 3.3% to $347,500. This widening spread between average and median prices, alongside the average price decline, suggests some softness within the higher price tiers of the market.

  • Where can I find a trusted Murray real estate expert?+

    Primpted maintains a vetted registry of Murray agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 34660 · 36mo history