Home ¬Ľ Lexington-area home sales top $1.7 billion in 2013

Lexington-area home sales top $1.7 billion in 2013

LEXINGTON, Ky. (Jan. 27, 2014) ‚ÄĒ¬†Residential real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) sold 9,925 homes in 2013, totaling $1,706,882,607.

‚ÄúThe market outlook for 2014 is positive as the signs of a turnaround continue,‚ÄĚ said 2014 LBAR President Linda Wiley. ‚ÄúRealtors are encouraged by the growth in sales during 2013 and the extremely low interest rate environment.‚ÄĚ

Residential sales reported during December 2013 vs. December 2012 increased two percent from 605 to 612 sales closed. The inventory of active homes for sale decreased eight percent in December from 5,503 to 5,054 homes on the market.

For the year-to-date 2013 vs. year-to-date 2012, total activity increased 19 percent. Residential sales reported increased 19 percent from 8,348 to 9,925. The median sales price for the year was $143,000.

LBAR represents more than 2,000 Realtors located in Anderson, Bourbon, Clark, Fayette, Franklin, Jessamine, Montgomery, Nicholas, Powell, Scott and Woodford Counties.