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LBAR announces $16.6 million in Clark County real estate sales in first quarter 2017

Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Clark County economy in first quarter 2017 with 110 reported sales totaling $16,637,051. Sales continue to be a driving force in Clark County economy.

Residential sales increased 34 percent from 82 sales reported in first quarter 2016 to 110 sales reported in first quarter 2017. The median sales price increased nine percent from $118,750 in first quarter 2016 to $129,200 in first quarter in 2017. The average days on the market decreased 12 percent from 106 days in first quarter 2016 to 93 days in first quarter 2017.

Residential sales in Clark County increased three percent from March 2016 with 33 sales compared to 34 sales in March 2017. Pending sales decreased from 57 in March 2016 to 44 pending sales reported in March 2017. The median sales price had increased from $121,000 in March 2016 to $133,750 in March 2017. New listings increased six percent from 54 new listings in March 2016 to 57 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, elaine@lbar.com).

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