RE/MAX CEO Margaret Kelly explains how homeowners can avoid foreclosure with the newly announced government Short Sale plan, HAFA, that went into effect April 5, 2010. New guidelines include $3,000 for moving expenses to homeowners who complete a Short Sale or agree to turn over the deed of the property to the lender. HAFA is designed for homeowners who are in financial trouble but don’t qualify for the Administration’s loan modification program.
May 2010 Bowling Green/Warren County Residential Real Estate Report
Residential Properties
| Price Range | Listings Sold – # | Listings
Sold – $ |
Avg.
DOM Sold |
Active Listings | Avg.
DOM Active |
New Listings | Sales Pending |
| 0 – $99,999 | 27 | $1,906,930 | 126 | 116 | 130 | 27 | 61 |
| $100,000 – $199,999 | 70 | 9,539,860 | 140 | 355 | 102 | 65 | 105 |
| $200,000 – $299,999 | 14 | 3,379,500 | 142 | 147 | 127 | 22 | 18 |
| $300,000 – $399,999 | 7 | 2,331,000 | 202 | 54 | 154 | 6 | 15 |
| $400,000 – $499,999 | 1 | 485,000 | 311 | 26 | 183 | 5 | 4 |
| $500,000 & Over | 2 | 1,115,000 | 193 | 48 | 185 | 5 | 4 |
| GRAND TOTALS | 121 | $18,757,290 | 143 | 746 | 123 | 130 | 207 |
This information is based on data from the local Multiple Listing Service for the time period indicated and as of the date of publication. RE/MAX Real Estate Executives, the Multiple Listing Service, or the REALTOR Association of Southern Kentucky, Inc. do not guarantee or are in any way responsible for the data accuracy. This table represents only those active listings, listings sold and closed, and pending listings that have been entered by member offices of the REALTOR Association of Southern Kentucky. Please do not rely on this information in making decisions on purchasing or selling real estate.