LBAR announces $25.1 million in 2009 real estate sales for Montgomery County
Jan 28th, 10
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Montgomery County economy in 2009 with 242 reported sales totaling $25,133,189. Sales continue to be a driving force in the Montgomery County economy when considering the multiplier effect on the area of buyers and sellers who purchase appliances, carpet, flooring, landscaping, etc in response to their transaction needs.
Residential sales in Montgomery County increased a staggering 93% in December 2009 vs. December 2008 and climbed 7% for the year 2009 vs. 2008. The average days on market fell 15% for the same time period. Montgomery County also saw a drastic 47% decrease in months of inventory, falling from 16.5 to 8.7. 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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