Central Kentucky Market Report for February 2012 – More Surprises

A Review of Housing Sales for  January 2012.

Last month we saw sales for homes in Central Kentucky for the month of January rise above what any of us had expected.  Twice as many homes sold in January of 2012 as did in January 2011.  In fact it was the highest January in sales in five years.

February 2012 –  Surprises in Home Sales in Central Kentucky

Sales of home surprisingly low for February 2012

So what happened in February to home sales in Central Kentucky?   With the springlike weather and the improved sales in January I expected sales for February to continue to improve.

Not so.  Sales took almost a fifty percent drop in Central Kentucky compared to January 2012.  If you look at the chart above you will notice sales have risen from January to February over the past three years.  So this downturn is hard to understand.  I really do not have any idea why this has happened.  In future post I will take a look at more specific information on the sale of homes in specific Central Kentucky counties.

 

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