Total residential, condo and townhome sales in Central Kentucky counties fell more than 15 percent year over year in the first quarter, the Lexington-Bluegrass Association of Realtors said recently.
"Don't put too much stock in these year-over-year comparisons since we are up against an elevated baseline due to the 2010 home buyer tax credit," LBAR President Barb Curtis said in a statement.
The group said there were closings on 306 residential home sales in January, 334 in February and 483 in March.
The median residential sales price in March was $137,500, down 1.2 percent from last year.
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LBAR also reported the inventory of available homes was down 0.2 percent in March compared to a year earlier. The average days on market for a home was up 10 percent, though, to 132 from a year earlier.