LBAR announces $28 million in Franklin County real estate sales as of June 30, 2010
July 13th, 2010
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Franklin County economy as of June 30, 2010 with 217 reported sales totaling $28,132,946. Sales continue to be a driving force in the Franklin 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 single family sales increased 14 percent during the year-to-date 2010 (217 units sold) vs. the year-to-date 2009 (191 units sold). During the same time period the median sales price increased 2 percent to $120,000 and the average days on the market fell 8 percent to 111 days.
As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® understands the value and joy of owning a home. LBAR represents more than 2,300 REALTORS® located in Anderson, Bourbon, Boyle, Clark, Fayette, Franklin, Garrard, Harrison, Jessamine, Madison, Mercer, Montgomery, Scott 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 executive vice president (859-276-3503 or via e-mail, Elaine@lbar.com).
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