Members of the Lexington-Bluegrass Association of Realtors (LBAR) reported 829 sales totaling $143,933,741 in September 2013.
September residential sales (829) increased 23 percent from September 2012 (676). Pending sales reported also increased over September 2012, increasing to 756 from 670 – 13 percent, according to a release from the organization.
The median sales price remained steady in September, increasing 1 percent at $144,500 for September 2013 compared to $142,500 September 2012.
As fall and winter months begin, housing will start its preparation for a holiday season slow down. LBAR President Al Blevins stated, “There are still year-over-year gains in number of listings as well as 20 percent decrease in days on market. However, months of inventory continue to decrease – September 2013 was 7.1 compared to 8.6 in August 2013, which could indicate the liveliness of the summer months has started to slow.”
The year-to-date statistics show very positive movement. Residential sales have increased 23 percent thus far in 2013 vs. 2012.