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Central Kentucky real estate sales increased 7% in May over same month last year

1,411 reported sales in May

LEXINGTON, Ky. (June 9, 2017) — Members of the Lexington-Bluegrass Association of REALTORS (LBAR) reported 1,411 sales in May totaling $284,950,157. That’s a seven percent increase over May 2016, when 1,313 sales were reported.

May2017infographicOf the 1,411 sales, 343 were to first time homebuyers and 182 to out of state buyers. Residential sales increased six percent from 1,242 in May 2016 to 1,314 in May 2017. The residential average days on market decreased 20 percent from 61 in May 2016 to 49 days in May 2017.

Townhouses/condos sales increased 37 percent from 71 sales reported closed in May 2016 to 97 sales reported closed in May 2017. The townhouses/condos median sales price increased 28 percent from $134,500 in May 2016 to $172,000 in May 2017. The average days on market decreased five percent from 77 in May 2016 to 73 days in May 2017.

The year-to-date 2017 total sales increased six percent from 4,938 sales to date in 2016 to 5,232 sales to date in 2017. The year-to-date 2017 residential single family sales increased five percent from 4,642 sales to date in 2016 to 4,860 sales to date in 2017.

The residential median sales price increased five percent from $150,000 to date in 2016 to $158,000 to date in 2017. The residential average days on market decreased 18 percent from 74 days to date in 2016 to 61 days to date in 2017. The year-to-date 2017 townhouses/condos sales increased 26 percent from 296 sales to date in 2016 to 372 sales to date in 2017.

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