Central Kentucky Market Report, January 2012, Surprise?

Home sales for Central Kentucky for the month of January in 2008, January 2009, 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.

All these would seem to show that home sales would be up.

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.