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, email@example.com).