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Central KY Real Estate Sales Up

From LBAR.com:  April real estate statistics for the Bluegrass contain many positive indicators. Pending inventory increased a dramatic 41.2% over April 2009, rising from 809 to 1143 pending sales. Sales saw a sharp rise in April, increasing 20% for the year-to-date over 2009 and 36% over April 2009. Existing Home Sales increased 39% over April 2009 from 473 to 659. New construction sales rose 14% during the same time period.

LBAR President Anthony de Movellan stated, “We are seeing the highest numbers for pending sales since 2005, indicating heavy implementation of the $8,000 federal tax credit program. We look forward to seeing the figures for upcoming months that reflect these record breaking numbers.”

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