Lexington KY Home Sales for January 2012, SURPRISE?

Home sales for Central Kentucky for the month of January in 2008, January 2009, January 2010, and January 2011 were respectively:

2008 – about 500

2009 – about 300

2010 – less than 400

2011 – about 350

So what would you expect home sales in Central Kentucky would be for January 2012?  

  • The weather has certainly been much warmer than last year.  
  • Interest rates are the lowest in history.
  • Employment has increased.
So all these points should lead to an increase in home sales.

Not only were home sales up but they increased almost a hundred percent from 2011 and were 57 percent higher than the average of the previous four years.  

Central Kentucky Market Report

We continue to see a steady stream of buyers so hopefully this is the beginning of the recovery of the housing market.  Before we get too excited we need to look at prices.  Log in tomorrow to see what happened to prices in January of 2012.

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