Median sales prices rise 4% in Bluegrass, while nation posts 2.4% loss

11/03/10 by Milestone Realty Consultants

Sales in Central Kentucky for September 2010 fell 35%, while the National Association of REALTORS® posted a 19% decrease in sales for the nation. Central Kentucky real estate market statistics for the prior three months are very similar, as we are still seeing the effects of the end of the homebuyer tax credit earlier this year.  In spite of this, sales in the Bluegrass for the first nine months of 2010 are only down 1% compared to the same time period in 2009. 

More importantly, however, is the fact that median sales prices for Bluegrass homes rose 4% for September 2010 versus September 2009.  This figure dropped 2.4% for the U.S. as a whole for the same time period. Milestone Realty Consultants Principal Broker Judy Craft says, “This once again illustrates that even though sales are slowing, Central Kentucky home prices and values remain very stable.”

Pending sales dropped 36% in September 2010 vs. September 2009.  The active number of listings or inventory on the market for Central Kentucky in September was 6,897 which is up 11% compared to September 2009. 

Truly a “one-stop shop”, the Milestone Team is comprised of the real estate division, with offices in Lexington, Louisville, Georgetown and Richmond, Walden Mortgage Group, LLC, Walden Title, our Rental Division and a truly outstanding Relocation Division. Visit MilestoneKY.com or call 859-245-1179 for property listings, area statistics and community resources. To arrange an interview with Judy Craft, please call Katie Rowan with Milestone Realty Consultants at 859-514-5420 or e-mail krowan@milestoneky.com.          

Editor’s Note: See the following for related charts.


 

Files: