LBAR announces $59.2 million in 2009 real estate sales for Franklin County
Jan 28th, 10
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Franklin County economy in 2009 with 457 reported sales totaling $59,240,975. 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.
Sales increased 29% during December 2009 vs. December 2008 in Franklin County and rose 2% in 2009 vs. 2008 from 450 sales closed to 457. The median sales price remained stable in 2009, falling just 2% from $121,282 to $119, 000. Franklin County also saw a 20% decline in months of inventory from 11.5 to 9.2. 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.
###
