LBAR: $174 Million In Bluegrass Real Estate Sales For May

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Sold sign in front of house

Residential real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy in May 2013 with 984 reported sales totaling $174,324,831.

LBAR.com once again saw a record number of visitors in May.

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In one month 152,622 unique visitors came to the site looking for their new home, they accounted for 401,763 total visits.

Residential sales increased 26 percent during May 2013 vs. May 2012, jumping from 738 sales reported to 929.

The median sales price increased for the same time period, climbing 3 percent from $145,000 to $149,000.

Total activity for the month increased an impressive 26 percent.

Months of inventory dropped 24 percent to 6 months, the lowest since August 2006.

Pending inventory increased a dramatic 28 percent over May 2012 from 855 to 1091 pending sales reported.

The number of houses on the market also moved in a favorable direction, decreasing 5 percent from 6,191 to 5,890.

According the LBAR President Al Blevins, “"The real estate market is continuing to improve each month in most all areas. Sales are up, mortgage interest rates remain low, and local REALTORS are staying busy with calls, showings, open houses and writing offers. Homeownership is still a large part of the American Dream, and it is a great time to buy or sell."

The year-to-date 2013 is also showing strong increases.

Single family residential sales have increased 23 percent over 2012, rising from 2,803 sales reported closed to 3,457.

The median sales price increased 4 percent to $141,700.

Total activity increased 25 percent in 2013 over the year-to-date 2012.

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 1,900 REALTORS® located in Anderson, Bourbon, Clark, Fayette, Franklin, Jessamine, Madison, Montgomery, Nicholas, Powell, Scott and Woodford Counties.

Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.

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Tom Kenny joined ABC 36 News in June of 2001 as a General Assignment Reporter. A native of Peoria, Illinois, he graduated cum laude with a Bachelor of Arts in Mass Communications from Western Illinois University. He currently anchors ABC 36 News at 5pm, 6pm and 11pm. Tom has more than three decades of experience in broadcast journalism. He is the only broadcast journalist in Lexington television history to be honored with a national Edward R. Murrow Award. Tom was recognized for reporting on a story that gave a rare glimpse inside the secretive world of the Federal Witness Protection Program. He has won an Emmy Award for anchoring and another for investigative reporting, exposing the deceit and potential danger of online diploma mills. Tom has ten other Emmy nominations to his credit for investigative and feature reporting. He has won Associated Press Awards for reporting and anchoring. He has won two Addy Awards for excellence in promotional writing. Tom was the first broadcast journalist in Lexington TV history to be awarded the Silver Circle Award by the National Academy of Television Arts and Sciences. It is one of the highest honors given by NATAS. It recognizes television professionals who have performed distinguished service within the television industry for 25-years or more. Tom was honored for more than his longevity, he was recognized for making an enduring contribution to the vitality of the television industry and for setting high standards of achievement. He was also recognized for giving back to the community as a mentor, educator and volunteer. Tom also has network broadcast experience in radio and television having worked as a sports reporter for ESPN, Sportschannel, NBC Sports and the Breeders’ Cup. He was also the studio host and halftime producer for CBS Radio Sports’ College Football Game of the Week and covered the NFL for One-On-One Radio Sports. Prior to joining WTVQ-TV, Tom was Vice-President of the Houston Astros Minor League baseball team in Lexington. He was part of the original management team that brought professional baseball back to the Bluegrass after a nearly 50-year absence. Tom has lived in Lexington since 1984. In that time, he has been heavily involved with dozens of charity and civic groups, with a special emphasis on helping Veterans. He can be reached at tkenny@wtvq.com. You can also follow Tom on Facebook www.facebook.com/TomKennyABC and Twitter @TomKennyNews. Just click on the links at the top of the page.