Central Kentucky home prices rise in June while the inventory sinks.

By
Real Estate Agent with Rector Hayden, Lexington, Ky

Could this be the best time to buy and sell in Central Kentucky?  Many people are of that opinion.  

Now is the time to buy!  Could it also be the time to sell?
Line graph emphasizes the market conditions for home buying in Central Kentucky.

 

With interest rates continuing to hover at record low rates and inventory of homes for sale starting to drop this could be the best of times to buy and sell a home in Central Kentucky. 

Home prices climb in June 2012 for central Kentucky
Prices increase for Central Kentucky homes for the second month in 2012.

Buyers can buy homes in most Central Kentucky communities and their payments will be less than if they were to rent the same home.

Sellers can take advantage of the lower inventory and the larger numbers of buyers.  With prices of homes sold  rising for two consecutive months and a large number of buyers finally surfacing this may be the ideal time to sell.  Of course prices could continue to rise and it may   be even better later.  Then again if interest rates were to climb quickly which historically happens after a long recession we could quickly see buyers priced out of the market.  That could lead to a bigger decrease in sales and home prices could take another dip.  

So what do you do?  The old cliche "a bird in the hand is worth two in the bush" is always worth remembering.  The only thing any of us know for sure is what is happening in the present.  

For buyers there is no doubt that now is an ideal time to shop for a home.  Sellers this is a good time to sell and only the future will tell us how good a time.

Posted by

YouTube Icon LinkFacebook Link to Paul's Account

Rector Hayden Reators LogoThe Jubilee Team Logo

Click Here to Search for Homes at LBAR.com

 

 

Paul Campbell

The Jubilee Team of Rector Hayden Realtors

Lexington's Green Thumb Realtor

The Jubilee Team,  Paul Campbell and Dorothy LaBar

Paul's Contact Info:  859.684.5890   pcampbell@rhr.com

Dorothy's Contact Info:  859.608.0724  dorothy@rhr.com

A Google Map Showing Where the Jubilee Team Helps Sellers and Buyers.

A map of Central Kentucky Showing Where The Jubilee Team Helps Sellers and Buyers

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Kentucky Fayette County
Groups:
Blogging & SEO
Kentucky Professionals
Diary of a Realtor
Food Surprises
Tags:
central kentucky homes for sale
paul campbell
homes for sale in lexington ky
homes for sale in central kentucky
the jubilee team

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
739,179
Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents
Paul: This is some good news for all in your area,and good luck with your business in 2012, E
Jul 12, 2012 08:15 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
180,945

Paul Campbell Realtor Lexington

Kentucky Homes for Sale
Ask me a question
*
*
*
*
Spam prevention

Additional Information