LBAR announces $97.8 million in 2009 real estate sales for Jessamine County
Jan 28th, 10
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Jessamine County economy in 2009 with 541 reported sales totaling $97,848,319. 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.
The median sales price in Jessamine County increased 43% in December 2009 vs. December 2008. Residential sales increased 4% for the same time period. Days on market fell 12% in 2009 vs. 2008, and stayed steady in December 2009 vs. December 2008 falling 1% from 80 days to 79. Jessamine County also saw a 10% decrease in months of inventory from 9.3 to 8.4. 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.
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