LBAR announces $61.7 in Bluegrass sales for January
Feb 17th, 10
Single family residential sales increased 16% during January 2010 when compared to January 2009. Townhouse/condo sales increased 17% for the same time period. Pending listings grew 17.6% in January over last year, increasing from 472 to 555.
The Housing Affordability Index rose to 188, its highest point in at least 4 years. An HAI of 188 means that the median family income is 188% of the necessary income to qualify for the median priced home. This shows that the Bluegrass continues to offer affordable options for consumers. Median sales prices remained stable for single family residential listings in Jan. 10 vs. Jan 09, falling just 2%.
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, Clark, Fayette, Franklin, Jessamine, 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.
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