Residential real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) totaled 8,328 reported sales totaling $1,417,967,435 as of Dec. 31, 2012, according to a press release.
"The market outlook for 2013 is positive as the signs of a turnaround continue. Realtors are encouraged by the growth in sales during 2012 and the extremely low interest rate environment,” said 2013 LBAR President Al Blevins.
LBAR represents more than 1,900 Realtors located in Anderson, Bourbon, Clark, Fayette, Franklin, Jessamine, Montgomery, Nicholas, Powell, Scott and Woodford Counties.
For the year-to-date 2012 vs. year-to-date 2011, total activity increased 17 percent. Residential sales reported increased 17 percent from 6,649 to 7,770. The median price increased three percent from $137,900 to $142,500.Townhouse and condo sales also showed a strong gain in 2012, increasing 23 percent from 470 to 578 sales reported closed.