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.
We continue to see a steady stream of buyers so hopefully this is the beginning of the recovery of the housing market.
