A review of the Central Kentucky real estate statistics for March 2010 shows that buyers have a great selection of homes from which to choose.  Buyers and sellers are benefiting from stable sales prices and continuing low mortgage rates. First, sales of Central Kentucky homes rose 6% for March 2010 vs. March 2009. 

Central Kentucky: Monthly Percentage Change vs. Last Year for Total Sales

While regional sales didn’t top national sales which rose by 20%, many counties in the area did post more significant gains than the region as a whole. For example, sales in Lawrenceburg were up 25%, sales in Winchester were up 13% and sales for Lexington homes were up 14%. 

Monthly Percentage Change in Sales Central Kentucky, Area Counties vs. Nation for March 2010

And, even though local sales didn’t outpace national sales for March there are many sales in process. Pending sales for Bluegrass Homes are up 34% — this is more than double the pending sales in February.

Central Kentucky: Monthly Percentage Change vs. Last Year for Pending Sales

A key figure in which the Bluegrass almost always outpaces the nation is median sales prices. In March, the National Association of REALTORS® reported a meager gain of 0.4% for median sales prices in the U.S. In Central Kentucky, we saw a gain of 3% for single family residential homes and a 7% rise in median sales prices for townhouses and condos.

Monthly Percentage Change in Median Sales Price for Central Ky Single Family Homes and Townhomes March 2010 vs. National Median

Listings in Central Kentucky rose 6% for March 2010 vs. March 2009.

Central Kentucky Monthly Percentage Change vs. Last Year for Home Inventory

Subscribe to our RSS feed or watch the blog for my overview of April data in relation to the national market.