LBAR announces 112.6 million in 2009 real estate sales for Scott County
Jan 28th, 10
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Scott County economy in 2009 with 690 reported sales totaling $112,581,500. Sales continue to be a driving force in the Scott County economy when considering the multiplier effect on the area of buyers and sellers who purchase appliances, carpet, flooring, landscaping, etc in response to their transaction needs.
Residential sales increased 23% in December 2009 vs. December 2008 and 4% during the year 2009 vs. 2008. Scott County saw a 21% decrease in months of inventory, falling from 13.3 to 10.5. This is a positive indicator; a balanced market contains 5-6 months of inventory. Pending sales were up 26% in December 2009 vs. December 2008, increasing from 35 pending sales to 44.
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 2,000 REALTORS® located in Anderson, Bourbon, Boyle, Clark, Fayette, Franklin, Garrard, Harrison, Jessamine, Madison, Mercer, Montgomery, Nicholas, Powell, Scott and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.
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