LBAR announces $49.3.million in Jessamine County real estate sales as of June 30, 2010

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July 13th, 2010

Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Jessamine County economy as of June 30, 2010 with 269 reported sales totaling $49,383,931. Sales continue to be a driving force in the Jessamine 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.

Single family residential sales in Jessamine County increased 15 percent during the year-to-date 2010, rising from 234 reported sales in the first six months of 2009 to 269 reported sales in the first six months of 2010.  The median sales price increased 1 percent to $130,500 for the same time period.

The median sales price increased 12 percent during June 2010 vs. June 2009 to $144,500. The average days on market decreased 4 percent to 75 days 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 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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