Bluegrass real estate market in August mirrors July; sales still up 4% for year-to-date

09/29/10 by Milestone Realty Consultants

Sales in Central Kentucky for August 2010 fell 26%, while the National Association of REALTORS® posted a 17% decrease in sales for the nation. Central Kentucky real estate market statistics for August 2010 look very similar to those of last month, as we are still seeing the effects of the end of the homebuyer tax credit.  In spite of this, sales for Bluegrass homes for the first eight months of 2010 are still up 4% compared to the same time period in 2009.
 
Pending sales dropped 26% in August 2010 vs. August 2009.  The active number of listings or inventory on the market for Central Kentucky in August was 7,057 which is up 10% compared to August 2009. 

Milestone Realty Consultants Principal Broker Judy Craft comments that, “Although Bluegrass real estate figures have been down for the past two months due to the deadline passage of the homebuyer tax credit, the local market still provides buyers with many affordable choices at stable prices.” Additionally, the 30-year mortgage rate is at generational lows. According to Freddie Mac, as of August 19th that rate was at 4.42%.

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. 

Bluegrass homes

Bluegrass homes

Bluegrass homes

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