The Lexington Kentucky Real Estate market showed continued strength as the summer begins to wind down. The number of houses sold was up almost 20% versus last year! Conversely, the number of new listings decreased 6.5% vs last year. As expected with the high demand and low supply the days on market decreased by 9 days and the average selling price increased by $6,000.
What does this mean?
So what does this mean for the you? If you own a home and you have thought about selling now is a great time to move. Prices are, in my opinion, overheating at the moment and I believe we are at the top of a bubble. When the Federal Reserve increases interest rates later this year/early next year there will be downward pressure on home prices. Now is the time to sell! If you are interested in buying it might behoove you to wait a month or two. While money is very cheap at the moment I believe the slight increase in interest rates will be offset by a larger decline in home prices.
If you have any questions please feel free to give a ring or email. If you would like to find out what your home is worth click this link: CTA
United Real Estate Lexington
Author:Morgan Franklin Phone: 859-576-0801 Dated: April 4th 2017 Views: 6 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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Hi, I’m Morgan Franklin and I am a Realtor in Lexington Kentucky. I have lived here for over 25 years and have an intimate knowledge of the city. I was drawn to real estate because I love to study markets and find ways to help my clients win. Whether it is helping a buyer purchase their home under market or a seller get more than the going market price. Studying the market is something I obsess over. (Yes I really enjoy it!) In addition to being knowledgeable about the market I am also a mortgage expert and previously held a mortgage license in Kentucky. This is really important because understanding how financing works is key to a smooth and successful transaction. I am also a published photographer and when I’m not photographing listings you will find me shooting Kentucky landscapes and my son Hudson. Lastly, I have operated several e-commerce business and understand how to market online. This wide array of experiences make me a great realtor.
Why work with me?
– Customer Service: When you call I am the one who picks up the phone and pride myself on follow up
– Market Knowledge: I have lived in Lexington for over 25 years and answer your questions about neighborhoods.
– Marketing: I have a deep knowledge of how to market online
– Media: I am a published photographer and all of my listings are accompanied by professional photo and video
– Data: I provide detailed reports to help make my clients make informed decisions
Super Secret Shoe Closet!Listing details: http://bit.ly/2oIwNvzLexingt
"Morgan helped us buy our first house. Located a bunch of great options for us and we finally settled on a house. He made the buying process smooth and was always there when I had a question or concern and still is in fact."