December 2014 Lexington Real Estate Market Insight

December 2014 Lexington Real Estate Market Insight

December 2014 was very exciting. The number of house’s sold increase by 16.3%! That is just unheard of. Also, while the quantity of homes sold increased so did the price. Increasing by 8% or ~13,000. That is a nice gain in value. The increase in value was accompanied by a small increase in the days on market increasing by 4 days or 4.5%. Another, improvement was the total number of properties under contract increased by 27.1% The number of new listings, active listings and list to sold price remained flat year over year.

All of these positive statistics combined with downward pressure on mortgage rates point toward a very busy spring and summer real estate season that is likely to see increased home values. If you would like to find out how these market changes have affected your home value please email me at morgan@offuttrealty.com.


Dec 14 Quick Market Report


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Phone: 859-576-0801
Dated: April 3rd 2017
Views: 10
About Morgan: Hi, I’m Morgan Franklin and I am a Realtor in Lexington Kentucky. I have lived here for over 25 ...

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