April 10th, 2017
Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Anderson County economy in first quarter 2017 with 62 reported sales totaling $9,318,560. Sales continue to be a driving force in Anderson County economy.
Residential sales increased 15 percent from 54 sales reported in first quarter 2016 to 62 sales reported in first quarter 2017. The median sales price increased one percent from $133,950 in first quarter 2016 to $135,250 in first quarter in 2017. The average days on the market decreased 10 percent from 106 days in first quarter 2016 to 95 days in first quarter 2017.
Residential sales in Anderson County increased 33 percent from March 2016 with 18 sales compared to 24 sales in March 2017. Pending sales decreased from 35 in March 2016 to 20 pending sales reported in March 2017. The median sales price had increased from $140,400 in March 2016 to $149,750 in March 2017. New listings decreased 34 percent from 41 new listings in March 2016 to 27 new listings in March 2017.
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 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, firstname.lastname@example.org).