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Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of October 31, 2017 with 1,115 reported sales totaling $215,717,605

October sales activity increased six percent with 1,050 sales reported closed in October 2016 compared to 1,115 sales reported closed in October 2017.  Of the 1,115 sales 257 sales were to first time homebuyers and 137 sales were to out of state buyers. Residential sales increased six percent from 994 sales closed in October 2016 compared to 1,053 sales closed in October 2017. The residential average days on market decreased 19 percent from 62 in October 2016 to 50 days in October 2017. The residential median sales price increased four percent from $155,250 in October 2016 to $162,000 in October 2017. 

Townhouses/condos sales increased 11 percent from 56 sales reported closed in October 2016 to 62 sales reported closed in October 2017. The townhouses/condos median sales price increased five percent from $132,960 in October 2016 to $139,500 in October 2017.  The average days on market decreased 19 percent from 81 in October 2016 to 66 days in October 2017.

According to 2017 LBAR President Ty Brown, “We are seeing a competitive housing market at a time when things are usually cooling off for the fall.  Activity in the housing market remains at summer-like levels through October.  With not enough homes on the market to meet the high demand, residential homes are selling 19 percent more quickly than a year ago even though prices are increasing.  Additionally, months of inventory in October dropped 10 percent with 3.7 months in October.”

The year-to-date 2017 total sales increased four percent from 11,357 sales to date in 2016 to 11,838 sales to date in 2017.  The year-to-date 2017 residential single family sales increased four percent from 10,646 sales to date in 2016 to 11,062 sales to date in 2017.  The residential median sales price increased five percent from $155,000 to date in 2016 to $162,500 to date in 2017. The residential average days on market decreased 17 percent from 64 days to date in 2016 to 53 days to date in 2017.  The year-to-date 2017 townhouses/condos sales increased nine percent from 711 sales to date in 2016 to 776 sales to date in 2017.

President Brown continues, “Buyer interest and foot traffic remain strong.  Pending listings remains strong with 1,030 pending listings in October 2017.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. 

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Anderson County economy in third quarter of 2017 with 228 reported sales totaling $36,846,998. Sales continue to be a driving force in Anderson County economy.

Residential sales decreased three percent from 236 sales reported in third quarter of the year 2016 to 228 sales reported in third quarter of the year 2017. The median sales price increased 11 percent from $133,000 in third quarter of the year 2016 to $147,750 in third quarter of the year in 2017.  The average days on the market decreased 34 percent from 95 days in third quarter of the year 2016 to 63 days in third quarter of the year 2017. 

Residential sales in Anderson County decreased 29 percent from September 2016 with 28 sales compared to 20 sales in September 2017. Pending sales decreased from 44 in September 2016 to 26 pending sales reported in September 2017. The median sales price had increased from $139,325 in September 2016 to $142,450 in September 2017. New listings decreased 13 percent from 39 new listings in September 2016 to 34 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bourbon County economy in third quarter of 2017 with 123 reported sales totaling $20,325,818. Sales continue to be a driving force in Bourbon County economy.

Residential sales increased two percent from 121 sales reported in third quarter of the year 2016 to 123 sales reported in third quarter of the year 2017. The median sales price increased 12 percent from $125,000 in third quarter of the year 2016 to $140,000 in third quarter of the year in 2017.  The average days on the market decreased nine percent from 70 days in third quarter of the year 2016 to 64 days in third quarter of the year 2017. 

Residential sales in Bourbon County increased 15 percent from September 2016 with 13 sales compared to 15 sales in September 2017. Pending sales increased from 12 in September 2016 to 20 pending sales reported in September 2017. The median sales price had increased from $115,000 in September 2016 to $134,900 in September 2017. New listings increased four percent from 28 new listings in September 2016 to 29 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Clark County economy in third quarter of 2017 with 405 reported sales totaling $64,245,758. Sales continue to be a driving force in Clark County economy.

Residential sales increased 17 percent from 346 sales reported in third quarter of the year 2016 to 405 sales reported in third quarter of the year 2017. The median sales price increased five percent from $130,000 in third quarter of the year 2016 to $137,000 in third quarter of the year in 2017.  The average days on the market decreased 33 percent from 91 days in third quarter of the year 2016 to 61 days in third quarter of the year 2017. 

Residential sales in Clark County had no percentage of change from September 2016 with 42 sales compared to 42 sales in September 2017. Pending sales increased from 37 in September 2016 to 42 pending sales reported in September 2017. The median sales price had increased from $143,000 in September 2016 to $156,500 in September 2017. New listings decreased 11 percent from 56 new listings in September 2016 to 50 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Fayette County economy in third quarter of 2017 with 4,169 reported sales totaling $965,056,266. Sales continue to be a driving force in Fayette County economy.

Residential sales decreased two percent from 4,255 sales reported in third quarter of the year 2016 to 4,169 sales reported in third quarter of the year 2017. The median sales price increased eight percent from $174,000 in third quarter of the year 2016 to $187,900 in third quarter of the year in 2017.  The average days on the market decreased 20 percent from 41 days in third quarter of the year 2016 to 33 days in third quarter of the year 2017. 

Residential sales in Fayette County decreased 13 percent from September 2016 with 454 sales compared to 393 sales in September 2017. Pending sales decreased from 430 in September 2016 to 392 pending sales reported in September 2017. The median sales price had increased from $170,450 in September 2016 to $181,842 in September 2017. New listings decreased 16 percent from 582 new listings in September 2016 to 487 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Franklin County economy in third quarter of 2017 with 464 reported sales totaling $66,187,190. Sales continue to be a driving force in Franklin County economy.

Residential sales increased one percent from 459 sales reported in third quarter of the year 2016 to 464 sales reported in third quarter of the year 2017. The median sales price decreased two percent from $130,500 in third quarter of the year 2016 to $128,250 in third quarter of the year in 2017.  The average days on the market decreased 18 percent from 95 days in third quarter of the year 2016 to 78 days in third quarter of the year 2017. 

Residential sales in Franklin County decreased nine percent from September 2016 with 53 sales compared to 48 sales in September 2017. Pending sales decreased from 59 in September 2016 to 44 pending sales reported in September 2017. The median sales price had decreased from $134,900 in September 2016 to $120,500 in September 2017. New listings decreased seven percent from 76 new listings in September 2016 to 71 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Harrison County economy in third quarter of 2017 with 116 reported sales totaling $13,570,372. Sales continue to be a driving force in Harrison County economy.

Residential sales increased four percent from 112 sales reported in third quarter of the year 2016 to 116 sales reported in third quarter of the year 2017. The median sales price decreased three percent from $111,000 in third quarter of the year 2016 to $107,500 in third quarter of the year in 2017.  The average days on the market decreased 21 percent from 85 days in third quarter of the year 2016 to 67 days in third quarter of the year 2017. 

Residential sales in Harrison County decreased seven percent from September 2016 with 14 sales compared to 13 sales in September 2017. Pending sales increased from 13 in September 2016 to 15 pending sales reported in September 2017. The median sales price had increased from $135,500 in September 2016 to $161,000 in September 2017. New listings decreased five percent from 19 new listings in September 2016 to 18 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Jessamine County economy in third quarter of 2017 with 576 reported sales totaling $129,682,584. Sales continue to be a driving force in Jessamine County economy.

Residential sales increased two percent from 563 sales reported in third quarter of the year 2016 to 576 sales reported in third quarter of the year 2017. The median sales price increased two percent from $162,000 in third quarter of the year 2016 to $165,000 in third quarter of the year in 2017.  The average days on the market decreased 33 percent from 67 days in third quarter of the year 2016 to 45 days in third quarter of the year 2017. 

Residential sales in Jessamine County decreased 18 percent from September 2016 with 67 sales compared to 55 sales in September 2017. Pending sales increased from 53 in September 2016 to 70 pending sales reported in September 2017. The median sales price had increased from $153,000 in September 2016 to $154,000 in September 2017. New listings increased 25 percent from 72 new listings in September 2016 to 90 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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        Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Laurel County economy in third quarter of 2017 with 316 reported sales totaling $46,247,946. Sales continue to be a driving force in Laurel County economy.

        Residential sales decreased 11 percent from 354 sales reported in third quarter of the year 2016 to 316 sales reported in third quarter of the year 2017. The median sales price increased five percent from $125,600 in third quarter of the year 2016 to $132,500 in third quarter of the year in 2017.  The average days on the market increased four percent from 89 days in third quarter of the year 2016 to 93 days in third quarter of the year 2017. 

        Residential sales in Laurel County decreased nine percent from September 2016 with 43 sales compared to 39 sales in September 2017. Pending sales increased from 41 in September 2016 to 47 pending sales reported in September 2017. The median sales price had increased from $124,000 in September 2016 to $138,000 in September 2017. New listings increased 14 percent from 56 new listings in September 2016 to 64 new listings in September 2017.

        As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Montgomery County economy in third quarter of 2017 with 236 reported sales totaling $31,769,806. Sales continue to be a driving force in Montgomery County economy.

Residential sales increased eight percent from 219 sales reported in third quarter of the year 2016 to 236 sales reported in third quarter of the year 2017. The median sales price increased four percent from $117,500 in third quarter of the year 2016 to $122,400 in third quarter of the year in 2017.  The average days on the market decreased 12 percent from 77 days in third quarter of the year 2016 to 68 days in third quarter of the year 2017. 

Residential sales in Montgomery County increased 77 percent from September 2016 with 22 sales compared to 39 sales in September 2017. Pending sales had no percentage of change from 21 in September 2016 to 21 pending sales reported in September 2017. The median sales price had increased from $129,500 in September 2016 to $134,900 in September 2017. New listings increased 19 percent from 26 new listings in September 2016 to 31 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Scott County economy in third quarter of 2017 with 931 reported sales totaling $200,148,922. Sales continue to be a driving force in Scott County economy.

Residential sales increased nine percent from 856 sales reported in third quarter of the year 2016 to 931 sales reported in third quarter of the year 2017. The median sales price increased four percent from $181,375 in third quarter of the year 2016 to $188,700 in third quarter of the year in 2017.  The average days on the market decreased from 58 days in third quarter of the year 2016 to 43 days in third quarter of the year 2017. 

Residential sales in Scott County increased 12 percent from September 2016 with 95 sales compared to 106 sales in September 2017. Pending sales decreased from 101 in September 2016 to 98 pending sales reported in September 2017. The median sales price had decreased from $188,000 in September 2016 to $184,509 in September 2017. New listings decreased 27 percent from 132 new listings in September 2016 to 96 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Rowan County economy in third quarter of 2017 with 107 reported sales totaling $15,820,650. Sales continue to be a driving force in Rowan County economy.

Residential sales increased eight percent from 99 sales reported in third quarter of the year 2016 to 107 sales reported in third quarter of the year 2017. The median sales price increased five percent from $130,000 in third quarter of the year 2016 to $136,000 in third quarter of the year in 2017.  The average days on the market had no percentage of change from 82 days in third quarter of the year 2016 to 82 days in third quarter of the year 2017. 

Residential sales in Rowan County increased 67 percent from September 2016 with 6 sales compared to 10 sales in September 2017. Pending sales decreased from 9 in September 2016 to 8 pending sales reported in September 2017. The median sales price had increased from $122,750 in September 2016 to $142,500 in September 2017. New listings decreased 24 percent from 17 new listings in September 2016 to 13 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Woodford County economy in third quarter of 2017 with 254 reported sales totaling $66,793,062. Sales continue to be a driving force in Woodford County economy.

Residential sales had no percentage of change with 253 sales reported in third quarter of the year 2016 to 254 sales reported in third quarter of the year 2017. The median sales price increased six percent from $202,900 in third quarter of the year 2016 to $215,500 in third quarter of the year in 2017.  The average days on the market decreased from 57 days in third quarter of the year 2016 to 47 days in third quarter of the year 2017. 

Residential sales in Woodford County increased 47 percent from September 2016 with 19 sales compared to 28 sales in September 2017. Pending sales increased from 30 in September 2016 to 42 pending sales reported in September 2017. The median sales price had increased from $190,000 in September 2016 to $219,750 in September 2017. New listings decreased 10 percent from 39 new listings in September 2016 to 35 new listings in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of August 31, 2017 with 1,311 reported sales totaling $258,834,805.

August sales activity decreased two percent with 1,338 sales reported closed in August 2016 compared to 1,311 sales reported closed in August 2017.  Of the 1,311 sales 276 sales were to first time homebuyers and 136 sales were to out of state buyers. Residential sales had no percent of change from 1,242 sales closed in August 2016 compared to 1,238 sales closed in August 2017. The residential average days on market decreased 19 percent from 57 in August 2016 to 46 days in August 2017.

Townhouses/condos sales decreased 24 percent from 96 sales reported closed in August 2016 to 73 sales reported closed in August 2017. The townhouses/condos median sales price decreased eight percent from $131,000 in August 2016 to $121,000 in August 2017.  The average days on market increased six percent from 54 in August 2016 to 57 days in August 2017.

According to 2017 LBAR President Ty Brown, As the summer winds down, LBAR continues to be pleased with the housing market in Central Kentucky.  Sellers are receiving 97% of their list price with months of inventory still extremely low with only 3.3 months of inventory in the entire market.  Higher prices and fewer days on market are usual indicators of healthy activity.

The year-to-date 2017 total sales increased five percent from 9,072 sales to date in 2016 to 9,523 sales to date in 2017.  The year-to-date 2017 residential single family sales increased five percent from 8,485 sales to date in 2016 to 8,879 sales to date in 2017.  The residential median sales price increased five percent from $155,000 to date in 2016 to $162,000 to date in 2017. The residential average days on market decreased 17 percent from 65 days to date in 2016 to 54 days to date in 2017.  The year-to-date 2017 townhouses/condos sales increased 10 percent from 587 sales to date in 2016 to 644 sales to date in 2017.

President Brown continues, “Much has been said about low supply, higher prices and speedy sales, but the truth of the matter is that buyers are snatching up desirable homes no matter the trends. Good transactions are occurring with smart lending practices. Although more inventory would be useful, the market is finding a way to succeed. Savvy sellers and buyers know that there are good deals to be made in August and well into the school months.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of July 31, 2017 with 1,353 reported sales totaling $280,628,825.

July sales activity increased 10 percent with 1,230 sales reported closed in July 2016 compared to 1,353 sales reported closed in July 2017.  Of the 1,353 sales 288 sales were to first time homebuyers and 153 sales were to out of state buyers. Residential sales increased 10 percent from 1,146 sales closed in July 2016 compared to 1,257 sales closed in July 2017. The residential average days on market decreased 24 percent from 55 in July 2016 to 42 days in July 2017.

Townhouses/condos sales increased 14 percent from 84 sales reported closed in July 2016 to 96 sales reported closed in July 2017. The townhouses/condos median sales price increased 11 percent from $125,000 in July 2016 to $138,750 in July 2017.  The average days on market decreased 43 percent from 86 in July 2016 to 49 days in July 2017.

According to 2017 LBAR President Ty Brown, The numbers confirm what Realtors already know about this market.  Even though this is typically a season slow down with summer vacation and back to school preparation, our area continues to thrive with increased sales activity, increased median sales price, and decreased days on market. Sellers who list well-presented, well-priced homes are being rewarded; therefore, it is imperative to use a professional LBAR Realtor member when listing a home.”

The year-to-date 2017 total sales increased six percent from 7,681 sales to date in 2016 to 8,169 sales to date in 2017.  The year-to-date 2017 residential single family sales increased six percent from 7,196 sales to date in 2016 to 7,601 sales to date in 2017.  The residential median sales price increased four percent from $155,000 to date in 2016 to $161,500 to date in 2017. The residential average days on market decreased 18 percent from 67 days to date in 2016 to 55 days to date in 2017.  The year-to-date 2017 townhouses/condos sales increased 17 percent from 485 sales to date in 2016 to 568 sales to date in 2017.

President Brown continues, “July continues the long-running trend of a shortage of inventory.  Remember the level of inventory in July 2007, 10 years ago, when there were 7.6 months of inventory.  Back then most sellers were begging for offers; today, many sellers barely have time to react to the overwhelming number of showings and multiple offers. Additionally, persistently low inventory levels are keeping some would-be buyers out of the market. There are 3.2 months of inventory, down 16 percent compared to July 2016; sellers are receiving 95.5 percent of their list price.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of June 30, 2017 with 6,718 reported sales totaling $1,282,242,347.

According to 2017 LBAR President Ty Brown,"The first half of 2017 has been strong with total sales activity up 5% and new listings up 4%.  Sellers who sold enjoyed lower days on market with single family sales at an average of 58 days; and townhouse/condo sales at an average of 68 days.  The entire LBAR area remains dominated by a seller's market but beware, it could be a buyer's market in your neck of the woods.  Whether listing your home or writing an offer, make sure to use a LBAR Realtor member."

The first half 2017 total sales increased five percent from 6,402 sales to date in 2016 to 6,718 sales to date in 2017. The first half 2017 residential single family sales increased four percent from 6,002 sales to date in 2016 to 6,253 sales to date in 2017. The residential median sales price increased four percent from $154,000 to date in 2016 to $160,000 to date in 2017. The residential average days on market decreased 16 percent from 69 days to date in 2016 to 58 days to date in 2017. The year-to-date 2017 townhouses/condos sales increased 16 percent from 400 sales to date in 2016 to 465 sales to date in 2017.

President Brown continues, "Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast. There is 2.9 months of inventory, down 6% compared to June 2016.Sellers are receiving 97.4% of their list price.With the lack of listings in the affordable price range, now is a good time for those interested in listing their house to contact their Realtor.”

June sales activity increased one percent with 1,419 sales reported closed in June 2016 compared to 1,428 sales reported closed in June 2017. Of the 1,428 sales 321 sales were to first time homebuyers and 160 sales were to out of state buyers. Residential sales increased one percent from 1,319 sales closed in June 2016 compared to 1,338 sales closed in June 2017. The residential average days on market decreased 11 percent from 53 in June 2016 to 47 days in June 2017. The residential median sales price increased one percent from $164,900 in June 2016 to $167,000 in June 2017.

Townhouses/condos sales decreased 10 percent from 100 sales reported closed in June 2016 to 90 sales reported closed in June 2017. The townhouses/condos median sales price increased 15 percent from $140,000 in June 2016 to $160,500 in June 2017. The average days on market decreased eight percent from 65 in June 2016 to 60 days in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visitwww.lbar.com or call859-276-3503for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail,elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Clark County economy in first half of 2017 with 265 reported sales totaling $40,291,083. Sales continue to be a driving force in Clark County economy.

Residential sales increased 26 percent from 211 sales reported in first half of the year 2016 to 265 sales reported in first half of the year 2017. The median sales price increased seven percent from $121,000 in first half of the year 2016 to $130,000 in first half of the year in 2017. The average days on the market decreased 31 percent from 100 days in first half of the year 2016 to 69 days in first half of the year 2017.

Residential sales in Clark County increased 13 percent from June 2016 with 46 sales compared to 52 sales in June 2017. Pending sales decreased from 54 in June 2016 to 52 pending sales reported in June 2017. The median sales price had increased from $121,000 in June 2016 to $130,000 in June 2017. New listings increased 40 percent from 53 new listings in June 2016 to 74 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Jessamine County economy in first half of 2017 with 365 reported sales totaling $82,458,770. Sales continue to be a driving force in Jessamine County economy.

Residential sales increased five percent from 349 sales reported in first half of the year 2016 to 365 sales reported in first half of the year 2017. The median sales price increased four percent from $159,000 in first half of the year 2016 to $164,900 in first half of the year in 2017. The average days on the market decreased 32 percent from 77 days in first half of the year 2016 to 52 days in first half of the year 2017.

Residential sales in Jessamine County increased 27 percent from June 2016 with 73 sales compared to 93 sales in June 2017. Pending sales increased from 76 in June 2016 to 87 pending sales reported in June 2017. The median sales price had increased from $175,000 in June 2016 to $176,500 in June 2017. New listings increased 30 percent from 93 new listings in June 2016 to 121 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Scott County economy in first half of 2017 with 593 reported sales totaling $122,440,777. Sales continue to be a driving force in Scott County economy.

Residential sales increased seven percent from 553 sales reported in first half of the year 2016 to 593 sales reported in first half of the year 2017. The median sales price increased four percent from $180,000 in first half of the year 2016 to $188,000 in first half of the year in 2017. The average days on the market decreased 30 percent from 63 days in first half of the year 2016 to 44 days in first half of the year 2017.

Residential sales in Scott County increased two percent from June 2016 with 123 sales compared to 126 sales in June 2017. Pending sales increased from 107 in June 2016 to 112 pending sales reported in June 2017. The median sales price had increased from $182,000 in June 2016 to $188,576 in June 2017. New listings increased 13 percent from 165 new listings in June 2016 to 186 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bourbon County economy in first half of 2017 with 77 reported sales totaling $12,325,468. Sales continue to be a driving force in Bourbon County economy.

Residential sales increased four percent from 74 sales reported in first half of the year 2016 to 77 sales reported in first half of the year 2017. The median sales price increased 10 percent from $126,750 in first half of the year 2016 to $139,000 in first half of the year in 2017. The average days on the market increased eight percent from 77 days in first half of the year 2016 to 83 days in first half of the year 2017.

Residential sales in Bourbon County increased 56 percent from June 2016 with 9 sales compared to 14 sales in June 2017. Pending sales decreased from 19 in June 2016 to 18 pending sales reported in June 2017. The median sales price had decreased from $174,700 in June 2016 to $126,750 in June 2017. New listings decreased 25 percent from 20 new listings in June 2016 to 15 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Anderson County economy in first half of 2017 with 141 reported sales totaling $23,018,247. Sales continue to be a driving force in Anderson County economy.

Residential sales decreased three percent from 146 sales reported in first half of the year 2016 to 141 sales reported in first half of the year 2017. The median sales price increased 13 percent from $132,700 in first half of the year 2016 to $149,450 in first half of the year in 2017. The average days on the market decreased 21 percent from 96 days in first half of the year 2016 to 76 days in first half of the year 2017.

Residential sales in Anderson County increased 18 percent from June 2016 with 28 sales compared to 33 sales in June 2017. Pending sales increased from 31 in June 2016 to 41 pending sales reported in June 2017. The median sales price had increased from $131,850 in June 2016 to $158,900 in June 2017. New listings increased 89 percent from 27 new listings in June 2016 to 51 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Fayette County economy in first half of 2017 with 2,682 reported sales totaling $616,177,622. Sales continue to be a driving force in Fayette County economy.

Residential sales had no percentage of change from 2,670 sales reported in first half of the year 2016 to 2,682 sales reported in first half of the year 2017. The median sales price increased eight percent from $173,000 in first half of the year 2016 to $186,250 in first half of the year in 2017. The average days on the market decreased 14 percent from 44 days in first half of the year 2016 to 38 days in first half of the year 2017.

Residential sales in Fayette County decreased 12 percent from June 2016 with 626 sales compared to 552 sales in June 2017. Pending sales decreased from 566 in June 2016 to 529 pending sales reported in June 2017. The median sales price had increased from $184,009 in June 2016 to $205,000 in June 2017. New listings increased one percent from 741 new listings in June 2016 to 749 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Franklin County economy in first half of 2017 with 301 reported sales totaling $41,465,546. Sales continue to be a driving force in Franklin County economy.

Residential sales increased 11 percent from 272 sales reported in first half of the year 2016 to 301 sales reported in first half of the year 2017. The median sales price increased one percent from $125,200 in first half of the year 2016 to $127,000 in first half of the year in 2017. The average days on the market decreased 11 percent from 101 days in first half of the year 2016 to 90 days in first half of the year 2017.

Residential sales in Franklin County increased eight percent from June 2016 with 60 sales compared to 65 sales in June 2017. Pending sales decreased from 72 in June 2016 to 67 pending sales reported in June 2017. The median sales price had decreased from $132,500 in June 2016 to $129,900 in June 2017. New listings decreased 33 percent from 94 new listings in June 2016 to 63 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Harrison County economy in first half of 2017 with 76 reported sales totaling $8,426,865. Sales continue to be a driving force in Harrison County economy.

Residential sales increased 13 percent from 67 sales reported in first half of the year 2016 to 76 sales reported in first half of the year 2017. The median sales price decreased one percent from $98,000 in first half of the year 2016 to $96,625 in first half of the year in 2017. The average days on the market decreased 12 percent from 82 days in first half of the year 2016 to 72 days in first half of the year 2017.

Residential sales in Harrison County decreased 15 percent from June 2016 with 13 sales compared to 11 sales in June 2017. Pending sales increased from 16 in June 2016 to 18 pending sales reported in June 2017. The median sales price had increased from $110,000 in June 2016 to $112,000 in June 2017. New listings increased four percent from 23 new listings in June 2016 to 24 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Laurel County economy in first half of 2017 with 189 reported sales totaling $26,857,205. Sales continue to be a driving force in Laurel County economy.

Residential sales decreased 15 percent from 222 sales reported in first half of the year 2016 to 189 sales reported in first half of the year 2017. The median sales price increased three percent from $126,000 in first half of the year 2016 to $129,900 in first half of the year in 2017. The average days on the market increased one percent from 97 days in first half of the year 2016 to 98 days in first half of the year 2017.

Residential sales in Laurel County decreased 22 percent from June 2016 with 59 sales compared to 46 sales in June 2017. Pending sales decreased from 52 in June 2016 to 45 pending sales reported in June 2017. The median sales price had increased from $120,000 in June 2016 to $126,250 in June 2017. New listings decreased 15 percent from 67 new listings in June 2016 to 57 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Montgomery County economy in first half of 2017 with 147 reported sales totaling $19,379,635. Sales continue to be a driving force in Montgomery County economy.

Residential sales increased four percent from 142 sales reported in first half of the year 2016 to 147 sales reported in first half of the year 2017. The median sales price decreased one percent from $117,750 in first half of the year 2016 to $117,000 in first half of the year in 2017. The average days on the market decreased 19 percent from 90 days in first half of the year 2016 to 73 days in first half of the year 2017.

Residential sales in Montgomery County increased three percent from June 2016 with 34 sales compared to 35 sales in June 2017. Pending sales increased from 31 in June 2016 to 34 pending sales reported in June 2017. The median sales price had increased from $113,500 in June 2016 to $117,500 in June 2017. New listings decreased 21 percent from 43 new listings in June 2016 to x34 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Rowan County economy in first half of 2017 with 72 reported sales totaling $10,675,650. Sales continue to be a driving force in Rowan County economy.

Residential sales increased 13 percent from 64 sales reported in first half of the year 2016 to 72 sales reported in first half of the year 2017. The median sales price increased three percent from $126,500 in first half of the year 2016 to $130,200 in first half of the year in 2017. The average days on the market decreased 13 percent from 83 days in first half of the year 2016 to 72 days in first half of the year 2017.

Residential sales in Rowan County decreased 13 percent from June 2016 with 64 sales compared to 72 sales in June 2017. Pending sales decreased from 15 in June 2016 to 7 pending sales reported in June 2017. The median sales price had increased from $123,200 in June 2016 to $145,000 in June 2017. New listings increased 35 percent from 17 new listings in June 2016 to 23 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Woodford County economy in first half of 2017 with 160 reported sales totaling $36,862,451. Sales continue to be a driving force in Woodford County economy.

Residential sales decreased two percent from 164 sales reported in first half of the year 2016 to 160 sales reported in first half of the year 2017. The median sales price had no percentage of change from $201,450 in first half of the year 2016 to $202,000 in first half of the year in 2017. The average days on the market decreased 19 percent from 63 days in first half of the year 2016 to 51 days in first half of the year 2017.

Residential sales in Woodford County had no percentage of change from June 2016 with 33 sales compared to 33 sales in June 2017. Pending sales increased from 37 in June 2016 to 42 pending sales reported in June 2017. The median sales price had increased from $182,000 in June 2016 to $252,000 in June 2017. New listings increased 67 percent from 39 new listings in June 2016 to 65 new listings in June 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of May 31, 2017 with 1,411 reported sales totaling $284,950,157.

May sales activity increased seven percent with 1,313 sales reported closed in May 2016 compared to 1,411 sales reported closed in May 2017. Of the 1,411 sales 343 sales were to first time homebuyers and 182 sales were to out of state buyers. Residential sales increased six percent from 1,242 sales closed in May 2016 compared to 1,314 sales closed in May 2017. The residential average days on market decreased 20 percent from 61 in May 2016 to 49 days in May 2017.

Townhouses/condos sales increased 37 percent from 71 sales reported closed in May 2016 to 97 sales reported closed in May 2017. The townhouses/condos median sales price increased 28 percent from $134,500 in May 2016 to $172,000 in May 2017. The average days on market decreased five percent from 77 in May 2016 to 73 days in May 2017.

According to 2017 LBAR President Ty Brown, "The market is active. There may not be as many homes for sale as one would like, and price increases are starting to make one look more closely at affordability, but Realtors are busy scheduling showings, writing offers, and closing on properties.”

The year-to-date 2017 total sales increased six percent from 4,938 sales to date in 2016 to 5,232 sales to date in 2017. The year-to-date 2017 residential single family sales increased five percent from 4,642 sales to date in 2016 to 4,860 sales to date in 2017. The residential median sales price increased five percent from $150,000 to date in 2016 to $158,000 to date in 2017. The residential average days on market decreased 18 percent from 74 days to date in 2016 to 61 days to date in 2017. The year-to-date 2017 townhouses/condos sales increased 26 percent from 296 sales to date in 2016 to 372 sales to date in 2017.

President Brown continues, "Prospective buyers are feeling the double whammy this spring with inventory that’s downand price appreciation that’s much faster than any rise they’ve likely seen in their income. Months of inventory are down 15 percent compared to May 2016 with median sales price increased five percent from $158,220 in May 2016 to $165,175 in May 2017. There is 2.8 months of inventory. Sellers are receiving 97% of their list price. For those that are interested in selling their home, now is a good time to list with a Realtor.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of April 30, 2017 with 1,071 reported sales totaling $206,610,188.

The year-to-date 2017 total sales increased seven percent from 3,550 sales to date in 2016 to 3,786 sales to date in 2017. The year-to-date 2017 residential single family sales increased six percent from 3,328 sales to date in 2016 to 3,515 sales to date in 2017. The residential median sales price increased three percent from $149,700 to date in 2016 to $154,000 to date in 2017. The residential average days on market decreased 18 percent from 80 days to date in 2016 to 66 days to date in 2017. The year-to-date 2017 townhouses/condos sales increased 22 percent from 222 sales to date in 2016 to 271 sales to date in 2017.

April sales activity decreased six percent with 1,139 sales reported closed in April 2016 compared to 1,071 sales reported closed in April 2017. Of the 1,071 sales 264 sales were to first time homebuyers and 113 sales were to out of state buyers. Residential sales decreased eight percent from 1,060 sales closed in April 2016 compared to 980 sales closed in April 2017. The residential median sales price increased three percent from $158,000 in April 2016 to $163,000 in April 2017. The residential average days on market decreased 20 percent from 74 in April 2016 to 59 days in April 2017.

According to 2017 LBAR President Ty Brown, "Buyers are still eager to purchase a home, but supply side constraints are weighing on sales activity. Those shopping for homes have 3,742 properties from which to choose in the Bluegrass region. The shortage of supply in our market is showing up in several ways including price gains, quick markets times and multiple offers. Additional inventory is key to sustaining our housing recovery and is critical to maintaining a healthy and accessible marketplace. There are 3.5 months of inventory.”

Townhouses/condos sales increased 15 percent from 79 sales reported closed in April 2016 to 91 sales reported closed in April 2017. The townhouses/condos median sales price increased seven percent from $117,500 in April 2016 to $126,000 in April 2017. The average days on market increased 17 percent from 70 in April 2016 to 82 days in April 2017.

President Brown continues, "Low supply and high demand environments tend to drive prices higher. April’s median sales price rose three percent from last April to $163,000. Properties tend to sell quickly and for close to or above list price. The average percent of original list price received at sale was 97.41.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Fayette County economy in first quarter 2017 with 1,050 reported sales totaling $223,874,072. Sales continue to be a driving force in Fayette County economy.

Residential sales increased 16 percent from 903 sales reported in first quarter 2016 to 1,050 sales reported in first quarter 2017. The median sales price increased six percent from $165,000 in first quarter 2016 to $175,000 in first quarter in 2017. The average days on the market decreased 19 percent from 58 days in first quarter 2016 to 47 days in first quarter 2017.

Residential sales in Fayette County increased 11 percent from March 2016 with 385 sales compared to 426 sales in March 2017. Pending sales decreased from 590 in March 2016 to 549 pending sales reported in March 2017. The median sales price had increased from $167,500 in March 2016 to $180,000 in March 2017. New listings decreased eight percent from 713 new listings in March 2016 to 659 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Harrison County economy in first quarter 2017 with 34 reported sales totaling $3,773,664. Sales continue to be a driving force in Harrison County economy.

Residential sales increased 31 percent from 26 sales reported in first quarter 2016 to 34 sales reported in first quarter 2017. The median sales price increased 23 percent from $84,500 in first quarter 2016 to $104,125 in first quarter in 2017. The average days on the market decreased 13 percent from 96 days in first quarter 2016 to 84 days in first quarter 2017.

Residential sales in Harrison County increased 20 percent from March 2016 with 10 sales compared to 12 sales in March 2017. Pending sales decreased from 23 in March 2016 to 18 pending sales reported in March 2017. The median sales price had decreased from $116,500 in March 2016 to $111,500 in March 2017. New listings decreased 20 percent from 25 new listings in March 2016 to 20 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Scott County economy in first quarter 2017 with 230 reported sales totaling $45,866,934. Sales continue to be a driving force in Scott County economy.

Residential sales increased five percent from 219 sales reported in first quarter 2016 to 230 sales reported in first quarter 2017. The median sales price increased six percent from $170,000 in first quarter 2016 to $180,725 in first quarter in 2017. The average days on the market decreased 20 percent from 64 days in first quarter 2016 to 51 days in first quarter 2017.

Residential sales in Scott County decreased six percent from March 2016 with 82 sales compared to 77 sales in March 2017. Pending sales decreased from 144 in March 2016 to 136 pending sales reported in March 2017. The median sales price had increased from $183,250 in March 2016 to $216,500 in March 2017. New listings increased 178 percent from 60 new listings in March 2016 to 167 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Clark County economy in first quarter 2017 with 110 reported sales totaling $16,637,051. Sales continue to be a driving force in Clark County economy.

Residential sales increased 34 percent from 82 sales reported in first quarter 2016 to 110 sales reported in first quarter 2017. The median sales price increased nine percent from $118,750 in first quarter 2016 to $129,200 in first quarter in 2017. The average days on the market decreased 12 percent from 106 days in first quarter 2016 to 93 days in first quarter 2017.

Residential sales in Clark County increased three percent from March 2016 with 33 sales compared to 34 sales in March 2017. Pending sales decreased from 57 in March 2016 to 44 pending sales reported in March 2017. The median sales price had increased from $121,000 in March 2016 to $133,750 in March 2017. New listings increased six percent from 54 new listings in March 2016 to 57 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here to view a PDF of this release.

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Montgomery County economy in first quarter 2017 with 60 reported sales totaling $8,321,837. Sales continue to be a driving force in Montgomery County economy.

Residential sales increased 28 percent from 47 sales reported in first quarter 2016 to 60 sales reported in first quarter 2017. The median sales price increased four percent from $115,000 in first quarter 2016 to $120,000 in first quarter in 2017. The average days on the market decreased 20 percent from 105 days in first quarter 2016 to 84 days in first quarter 2017.

Residential sales in Montgomery County increased 24 percent from March 2016 with 21 sales compared to 26 sales in March 2017. Pending sales decreased from 43 in March 2016 to 37 pending sales reported in March 2017. The median sales price had increased from $89,000 in March 2016 to $169,950 in March 2017. New listings decreased 15 percent from 55 new listings in March 2016 to 47 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.comor call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.

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April 10th, 2017

Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Anderson County economy in first quarter 2017 with 62 reported sales totaling $9,318,560. Sales continue to be a driving force in Anderson County economy.

Residential sales increased 15 percent from 54 sales reported in first quarter 2016 to 62 sales reported in first quarter 2017. The median sales price increased one percent from $133,950 in first quarter 2016 to $135,250 in first quarter in 2017. The average days on the market decreased 10 percent from 106 days in first quarter 2016 to 95 days in first quarter 2017.

Residential sales in Anderson County increased 33 percent from March 2016 with 18 sales compared to 24 sales in March 2017. Pending sales decreased from 35 in March 2016 to 20 pending sales reported in March 2017. The median sales price had increased from $140,400 in March 2016 to $149,750 in March 2017. New listings decreased 34 percent from 41 new listings in March 2016 to 27 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release. 






Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy with 2,663 reported sales totaling $475,095,671 in the first quarter 2017.

According to 2017 LBAR President Ty Brown, "The forecast is bright with a persistent rise in home sales in the first quarter. Total sales activity increased 12 percent. Homes are selling quickly, and there is little indication that the trend will slow down in the spring and summer months.”

The first quarter residential single family sales increased 11 percent from 2,242 sales in first quarter 2016 to 2,487 sales in first quarter 2017. The residential median sales price increased three percent from $145,000 in first quarter 2016 to $150,000 in first quarter 2017. The residential average days on market decreased 17 percent from 83 days in first quarter 2016 to 69 days in first quarter 2017.

The townhouses/condos sales increased 28 percent from 137 sales in first quarter 2016 to 176 sales in first quarter 2017. The townhouses/condos median sales price increased one percent from $126,000 in first quarter 2016 to $127,250 in first quarter 2017. The townhouses/condos average days on market decreased 26 percent from 86 days in first quarter 2016 to 64 days in first quarter 2017.

President Brown continues, "Even though low inventory is a constant battle in this market, new listings in first quarter 2017 increased of nine percent with 4,476 new listings. Sellers remain willing to list their homes due to the increased median sales price and the decreased days on market. On average, sellers are receiving 96.7 percent of their list price. The value of the housing market is the highest it has been in years. Confidence and household incomes are increasing, which are indicators of future home buying, which should lead to a continued strong market.”

March total sales activity increased 12 percent with 950 sales reported closed in March 2016 compared to 1,060 sales reported closed in March 2017. Of the 1,060 sales 241 sales were to first time homebuyers and 111 sales were to out of state buyers. Residential sales increased 12 percent from 891 sales closed in March 2016 compared to 999 sales closed in March 2017. The residential median sales price increased four percent from $150,000 in March 2016 to $155,350 in March 2017. The residential average days on market decreased 20 percent from 85 days in March 2016 to 68 days in March 2017.

Townhouses/condos sales increased three percent from 59 sales reported closed in March 2016 to 61 sales reported closed in March 2017. The townhouses/condos median sales price decreased three percent from $147,500 in March 2016 to $143,250 in March 2017. The average days on market decreased 29 percent from 98 days in March 2016 to 70 days in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for the March President's Letter. 

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There is no slowing down the residential real estate market in March! First quarter 2017 had an increase of 12% for total sales activity compared to the same time last year. Homebuyers continue to see the value in buying real estate and taking advantage of the still low interest rates. Owning a home is an American dream and now is the time to buy. Spring is historically known as the buying season in the real estate world. 

Declining inventory has become the norm (for now). Even though inventory is low, there are record sales. Buyers will want to make their decision quickly in order to get their dream home. Sellers are selling fast, so buyers act fast! That is evident in the 20% decrease in the residential average days on market in March.

To gather a pulse on the real estate market experts use what is called months of inventory. This is the amount of time it would take to sell all current listings at the current sales pace if no new listings became available. For the entire LBAR area, there are 3.5 months of inventory. However some specific counties and neighborhoods have even less months of inventory. Fayette County has 1.9 months of inventory. The tight supply in Fayette County, due mainly to the absorption of any excess supply, has fueled sales in neighboring counties. Which means buyers are increasingly choosing to expand their search area to those counties and commute into Lexington for work since homes are not as readily available in Lexington. LBAR does not see this trend slowing without some significant changes or an increase of new homes being built to enter the market. Scott County residential sales activity was up 5% to 230 sales in first quarter 2017. Scott County has 3.2 months of inventory.

The eye-catcher of the month was the significant decrease in days on the market. Residential sales averaged 68 days on market (20% decrease compared to March 2016) and townhouse/condo sales averaged 70 days on market (29% decrease compared to March 2016). 

The Central Kentucky area remains dominated by a seller’s market but beware, it could be a buyer’s market in your neck of the woods. Many factors such as school district and price range impact buyers and sellers.

March’s bump in pending sales is proof that demand is rising with spring on the doorstep. There were 1,458 pendings in March 2017. Buyers came back in force in March as a modest, seasonal uptick in listings were enough to fuel an increase in contract signings throughout the area. March’s warm weather played a role in kick-starting prospective buyers’ house hunt.

Looking ahead to the busy spring months, LBAR expects to see continued ebbs and flows in activity as new supply struggles to replace listings that are going under contract at a very quick pace. This is especially the case at the lower- and mid-market price ranges, where choices are minimal and prices are being bid higher by multiple offers. The homes most buyers are in the market for are unfortunately the most difficult to find and ultimately buy.

If you are currently looking for a home or thinking about looking for a home in the future, make sure to go to www.LBAR.com to start your home search. Use a Realtor for your buying and selling. If you do not have a Realtor, go to www.LBAR.com to find one today. LBAR represents over 2,900 Realtor members, serving 22 counties in the Central Kentucky area!

Click here for a PDF of this release.


Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Rowan County economy in first quarter 2017 with 26 reported sales totaling $3,271,750. Sales continue to be a driving force in Rowan County economy.

Residential sales had no percentage of change with 26 sales in first quarter 2016 and first quarter 2017. The median sales price decreased 25 percent from $138,250 in first quarter 2016 to $103,500 in first quarter in 2017. The average days on the market decreased 23 percent from 78 days in first quarter 2016 to 60 days in first quarter 2017.

Residential sales in Rowan County decreased 20 percent from March 2016 with 10 sales compared to 8 sales in March 2017. Pending sales decreased from 13 in March 2016 to 11 pending sales reported in March 2017. The median sales price had increased from $148,950 in March 2016 to $152,500 in March 2017. New listings decreased 39 percent from 23 new listings in March 2016 to 14 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Laurel County economy in first quarter 2017 with 81 reported sales totaling $11,022,730. Sales continue to be a driving force in Laurel County economy.

Residential sales decreased seven percent from 87 sales reported in first quarter 2016 to 81 sales reported in first quarter 2017. The median sales price decreased 10 percent from $132,800 in first quarter 2016 to $120,000 in first quarter in 2017. The average days on the market increased 11 percent from 103 days in first quarter 2016 to 114 days in first quarter 2017.

Residential sales in Laurel County decreased 19 percent from March 2016 with 36 sales compared to 29 sales in March 2017. Pending sales decreased from 49 in March 2016 to 38 pending sales reported in March 2017. The median sales price had increased from $118,718 in March 2016 to $124,500 in March 2017. New listings decreased five percent from 64 new listings in March 2016 to 61 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Woodford County economy in first quarter 2017 with 58 reported sales totaling $12,728,129. Sales continue to be a driving force in Woodford County economy.

Residential sales decreased 16 percent from 69 sales reported in first quarter 2016 to 58 sales reported in first quarter 2017. The median sales price decreased 13 percent from $210,000 in first quarter 2016 to $181,750 in first quarter in 2017. The average days on the market decreased 15 percent from 60 days in first quarter 2016 to 51 days in first quarter 2017.

Residential sales in Woodford County increased seven percent from March 2016 with 27 sales compared to 29 sales in March 2017. Pending sales increased from 38 in March 2016 to 41 pending sales reported in March 2017. The median sales price had decreased from $187,000 in March 2016 to $175,000 in March 2017. New listings increased 19 percent from 37 new listings in March 2016 to 44 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.comor call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Jessamine County economy in first quarter 2017 with 129 reported sales totaling $27,250,288. Sales continue to be a driving force in Jessamine County economy.

Residential sales had no percentage of change with 129 sales reported in first quarter 2016 and first quarter 2017. The median sales price increased eight percent from $150,000 in first quarter 2016 to $161,900 in first quarter in 2017. The average days on the market decreased 39 percent from 93 days in first quarter 2016 to 57 days in first quarter 2017.

Residential sales in Jessamine County decreased nine percent from March 2016 with 58 sales compared to 53 sales in March 2017. Pending sales increased from 82 in March 2016 to 85 pending sales reported in March 2017. The median sales price had decreased from $168,000 in March 2016 to $150,000 in March 2017. New listings had no percentage of change with 99 new listings in March 2016 and March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release. 

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Franklin County economy in first quarter 2017 with 118 reported sales totaling $16,158,110. Sales continue to be a driving force in Franklin County economy.

Residential sales decreased two percent from 120 sales reported in first quarter 2016 to 118 sales reported in first quarter 2017. The median sales price increased four percent from $119,950 in first quarter 2016 to $124,500 in first quarter in 2017. The average days on the market decreased 10 percent from 105 days in first quarter 2016 to 95 days in first quarter 2017.

Residential sales in Franklin County decreased six percent from March 2016 with 48 sales compared to 45 sales in March 2017. Pending sales increased from 52 in March 2016 to 82 pending sales reported in March 2017. The median sales price had no percentage of change from $120,250 in March 2016 to $120,000 in March 2017. New listings increased 55 percent from 58 new listings in March 2016 to 90 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bourbon County economy in first quarter 2017 with 33 reported sales totaling $6,054,768. Sales continue to be a driving force in Bourbon County economy.

Residential sales decreased three percent from 34 sales reported in first quarter 2016 to 33 sales reported in first quarter 2017. The median sales price increased 35 percent from $107,950 in first quarter 2016 to $145,500 in first quarter in 2017. The average days on the market increased 15 percent from 104 days in first quarter 2016 to 120 days in first quarter 2017.

Residential sales in Bourbon County increased 140 percent from March 2016 with 5 sales compared to 12 sales in March 2017. Pending sales decreased from 15 in March 2016 to 14 pending sales reported in March 2017. The median sales price had decreased from $150,000 in March 2016 to $112,750 in March 2017. New listings increased four percent from 26 new listings in March 2016 to 27 new listings in March 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.

Click here for supporting materials. 







Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of February 28, 2017 with 794 reported sales totaling $129,628,737.

According to 2017 LBAR President Ty Brown, "With an increase in February sales by three percent, market challenges remain, but the housing market is off to a prosperous start as homebuyers hold off inventory levels. February had 4.6 months of inventory, a decline of 12 percent.”

February sales activity increased three percent with 773 sales reported closed in February 2016 compared to 794 sales reported closed in February 2017. Of the 794 sales 179 sales were to first time homebuyers and 72 sales were to out of state buyers. Residential sales increased one percent from 733 sales closed in February 2016 compared to 741 sales closed in February 2017. The residential median sales price increased six percent from $138,000 in February 2016 to $145,900 in February 2017. The residential average days on market decreased 16 percent from 86 in February 2016 to 72 days in February 2017.

President Brown continues, "Buyer traffic is easily outpacing seller traffic in several areas and is why homes are selling at a much faster rate than a year ago. Days on market continued to decrease month to month for the last two years. Competition is likely to heat up even more heading into the spring for house hunters looking for homes. Supply and demand imbalances continue to be burdensome in many counties.”

Townhouses/condos sales increased 33 percent from 40 sales reported closed in February 2016 to 53 sales reported closed in February 2017. The townhouses/condos median sales price decreased three percent from $124,000 in February 2016 to $120,750 in February 2017. The average days on market decreased 18 percent from 71 in February 2016 to 58 days in February 2017.

The year-to-date 2017 residential single family sales increased nine percent from 1,341 sales to date in 2016 to 1,467 sales to date in 2017. The year-to-date 2017 townhouses/condos sales increased 47 percent from 78 sales to date in 2016 to 115 sales to date in 2017. The residential median sales price increased three percent from $142,750 to date in 2016 to $146,950 to date in 2017. The residential average days on market decreased 15 percent from 82 days to date in 2016 to 70 days to date in 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here to view Real Estate Outlook from LBAR President, Ty Brown

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Click here to view the infographic. 








February 2017 continues as a best seller month, coming in 3% over same time last year with the highest number of February sales. The year is starting off with a bang! January sales were up 21%. Homebuyers continue to see the value in buying real estate and taking advantage of the still low interest rates.


Housing inventory is at a record low. There are 4.6 months of inventory for our area, with some neighborhoods and counties even lower. Fayette County has 2.8 months of inventory. For the last 24 months the inventory has been decreasing, creating a market where buyers are scrambling for houses which leads sellers hesitant to sell. Sellers are then concerned they won’t have a place to go which feeds into the continued decline of inventory. Sellers who chose to be on the market are enjoying, on average, a higher sales price. In February median sales price was $145,900, an increase of 6% compared to February 2016. With housing supply remaining low, incidence of multiple offers is high, forcing buyers to better their offer.

The median sales price highest ever for February. Housing demand remains high and housing inventory continues to drop; therefore, buyers are paying more than years past. As willing as buyers may be to pay more for a home today, lenders want to protect their investment in case of default causing an increase in low appraisals leading to renegotiation or termination of sales. It makes it more important than ever to have a professional Realtor representing your interests in this unprecedented housing market due to the complexities involved. Both buyers and sellers benefit from the experience and guidance a Realtor brings to the table.

If you are currently looking for a home or thinking about looking for a home in the future, make sure to go to www.LBAR.comto start your home search. Use a Realtor for your buying and selling. If you do not have a Realtor, go to www.LBAR.com to find one today. LBAR represents over 2,900 Realtor members, serve 22 counties in the Central Kentucky area!





Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of January 31, 2017 with 776 reported sales totaling $139,415,451.

According to 2017 LBAR President Ty Brown, "January sales are off to a good start for 2017, indicating that the housing market is heading into the new year in solid shape. Pending inventory remains to increase for the eight month in a row. In January 2017 there were 1,027 pending listings, a 19 percent increase compared to this time last year."

January sales activity increased 21 percent with 640 sales reported closed in January 2016 compared to 776 sales reported closed in January 2017. Of the 776 sales 146 sales were to first time homebuyers and 100 sales were to out of state buyers. Residential sales increased 19 percent from 602 sales closed in January 2016 compared to 714 sales closed in January 2017. The residential median sales price decreased one percent from $151,000 in January 2016 to $148,900 in January 2017. The residential average days on market decreased 12 percent from 77 in January 2016 to 68 days in January 2017.

President Brown continues, "Declining inventory is going to continue to be a hot topic of discussion this year with only 4.8 months of inventory for the area, a 27 percent decrease compared to January 2016. Specific counties, neighborhoods, and zip codes have even lower inventory levels. Fayette County has 2.5 months of inventory, a 40 percent decrease compared to this time last year. For now, prices are remaining steady and days on market continue to decrease, both indicative of healthy demand.”

Townhouses/condos sales increased 63 percent from 38 sales reported closed in January 2016 to 62 sales reported closed in January 2017. The townhouses/condos median sales price decreased 11 percent from $127,000 in January 2016 to $113,500 in January 2017. The average days on market decreased 25 percent from 85 in January 2016 to 64 days in January 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.

Click here for supporting materials.









Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of December 31, 2016 with 13,580 reported sales totaling $2,522,104,420.

According to 2017 LBAR President Ty Brown, "At the start of 2017, Realtors are watching for upward movement in some of the same areas that we were watching in 2016. Inventory remains a key metric, as continued decreases may push out potential buyers, especially if mortgage rates continue to increase. 2016 ended with 3.4 months of inventory, a 29 percent decrease compared to 2015. Percentage of list price has increased one percent compared to December 2015 to 97.4.”

The 2016 residential single family sales increased 11 percent from 11,505 sales in 2015 to 12,725 sales in 2016. The residential median sales price increased five percent from $147,500 in 2015 to $155,000 in 2016. The residential average days on market decreased 18 percent from 77 days in 2015 to 63 days in 2016.

Townhouses/condos 2016 sales increased four percent from 824 sales in 2015 to 855 sales in 2016. The townhouses/condos median sales price decreased six percent from $138,250 in 2015 to $130,000 in 2016. The townhouses/condos average days on market decreased 32 percent from 107 days in 2015 to 73 days in 2016.

Brown continues, "2016 has proven to be a steady year for buying and selling activity in the residential real estate market in Central Kentucky. Although inventory declined and prices increased throughout the year, it has been a strong year with 10 percent increase in total sales activity. Most real estate professionals remain optimistic about the market and excited for the year ahead as long as inventory remains steady, unemployment rates continue to fall, and mortgage rates remain low.”

The monthly sales activity increased 18 percent with 919 sales reported closed in December 2015 compared to 1,081 sales reported closed in December 2016. Of the 1,081 sales, 220 sales were to first time homebuyers and 110 sales were to out of state buyers. Residential sales increased 18 percent from 859 sales closed in December 2015 compared to 1,017 sales closed in December 2016. The residential median sales price had no percentage of change at $149,900 in December 2016. The residential average days on market decreased 16 percent from 75 in December 2015 to 63 days in December 2016.

Townhouses/condos sales increased seven percent from 60 sales reported closed in December 2015 to 64 sales reported closed in December 2016. The townhouses/condos median sales increased nine percent from $140,750 in December 2015 to $153,703 in December 2016. The average days on market decreased 35 percent from 97 in December 2015 to 63 days in December 2016.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, 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 Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

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