Residential real estate sales
by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively
impacted the MadisonCounty economy as of June
30, 2010 with 270 reported sales totaling $42,505,234. Sales continue to be a
driving force in the MadisonCounty
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.
Single family residential
sales increased 35 percent in MadisonCounty during June 2010
(65 units sold) when compared to June 2009 (48 units sold). Average days on
market fell 6% for the same time period and 2% during the year-to-date 2010 vs.
year-to-date 2009. The months of inventory fell 29% to 8.6. This decrease is a
positive indicator; a balanced market contains 5-6 months of inventory.
The percentage of listings
price attained increased 1.7 percent to 97.09. The median sales price in MadisonCounty remained stable during both June
2010 and the year-to-date 2010. Single family residential sales increased 14
percent for the same time period.
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 WoodfordCounties. 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).
