LBAR announces 2.4 million in 2009 real estate sales for Nicholas County
Jan 28th, 10
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Nicholas County economy in 2009 as of December 31 with 20 reported sales totaling $2,388,351. Sales continue to be a driving force in the Nicholas 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.
The median sales price rose 76% in December 2009 vs. December 2008 and 10% during the year-to-date as of December 31, 2009 vs. 2008. Nicholas County saw a drastic 67% decrease in months of inventory, falling from 44 to 14.7. This is a positive indicator; a balanced market contains 5-6 months of inventory.
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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