ZOOM!
May was one of the fastest-paced months that the Lexington and Central Kentucky real estate market has ever seen,
with OVER 1300 LISTINGS SOLD/UNDER CONTRACT!!
Although that was about 120 fewer sales than our record-breaking April this year, it still was a very solid month for the local market.
A key component of the current market is strong buyer demand…..and a lower inventory of homes than Central Kentucky has experienced in years. Last year at this time, there were 4850 homes on the market locally. Currently, there are 3530 – a whopping 27% reduction in the number of homes on the market since a year ago.
Still, there’s a good selection of homes available in all price ranges. And with historically-low interest rates still available, it’s an ideal time for local home buyers to find their dream home!
Our monthly Market Report shows information for all of Lexington and Central KY, including:
- • Overall market trends
- • Number of homes on the market in EACH price range
- • Number of homes selling in those ranges
- • Average Sales Price
- • The Top 20 Real Estate Firms
- • And breakdowns by counties in our coverage area!