Residential real estate sales by members of the Lexington-Bluegrass Association of Realtors positively impacted the Clark County economy as of Sept. 30 with 196 reported sales totaling $25,360,074.
Sales continue to be a driving force in the Clark County economy when considering the multiplier effect on the area of buyers and sellers who purchase appliances, carpet, flooring, landscaping, etc in response to their transaction needs.
Residential sales in Clark County increased 32 percent during September 2011 vs. September 2010, increasing from 22 units reported sold to 29. The median sales price increased 42 percent, rising from $97,500 to $138,000. Months of inventory decreased 27 percent to 10.7 months. This decrease is a positive indicator; a balanced market contains five to six months of inventory.
For the year-to-date 2011 vs. 2010, residential sales decreased 9 percent, falling from 216 in 2010 to 196 in the first nine months of 2011. The median sales price decreased 4 percent to $118,200 for the same time period.
As the region’s leading advocate for homeownership, LBAR understands the value and joy of owning a home. LBAR represents more than 2,000 Realtors located in Anderson, Bourbon, Clark, Fayette, Franklin, Jessamine, Montgomery, Nicholas, Powell, Scott and Woodford counties.
Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.
For additional information please contact Elaine Hangis, LBAR executive vice president, at 859-276-3503 or via email, Elaine@lbar.com.
Sales continue to be a driving force in the Clark County economy when considering the multiplier effect on the area of buyers and sellers who purchase appliances, carpet, flooring, landscaping, etc in response to their transaction needs.
Residential sales in Clark County increased 32 percent during September 2011 vs. September 2010, increasing from 22 units reported sold to 29. The median sales price increased 42 percent, rising from $97,500 to $138,000. Months of inventory decreased 27 percent to 10.7 months. This decrease is a positive indicator; a balanced market contains five to six months of inventory.
For the year-to-date 2011 vs. 2010, residential sales decreased 9 percent, falling from 216 in 2010 to 196 in the first nine months of 2011. The median sales price decreased 4 percent to $118,200 for the same time period.
As the region’s leading advocate for homeownership, LBAR understands the value and joy of owning a home. LBAR represents more than 2,000 Realtors located in Anderson, Bourbon, Clark, Fayette, Franklin, Jessamine, Montgomery, Nicholas, Powell, Scott and Woodford counties.
Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.
For additional information please contact Elaine Hangis, LBAR executive vice president, at 859-276-3503 or via email, Elaine@lbar.com.
