LBAR announces $313.5 million in year-to-date real estate sales for Fayette County
« Back
Jul 20th, 09
Residential real estate
sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR)
positively impacted the Fayette County economy in 2009 as of June 30 with
1,695 reported sales totaling $313,556,944. Sales continue to be a driving force
in the Fayette
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.
Sales rose 8% in Fayette County in June 2009 vs. June 2008. Median
sales prices in Fayette County remained stable for the
year-to-date, falling only 3%.
Additionally, for the
Bluegrass region sales closed and pending inventory have increased over the past
three months. LBAR President Gale Fulton says “While 2009 is different economic
climate than 2008, we are seeing increases in sales, pending sales, stable
median sales prices and days on market. This again shows that the Central Kentucky real estate market is not experiencing
the crisis made so public by the national media.”
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).
« Back
