Lexington Kentucky Real Estate Quick Market Report November 2015

Lexington Kentucky Real Estate Quick Market Report November 2015


What an exciting month for Real Estate in Lexington Kentucky.  Sales were up huge at 17.6% versus last year.  Even though the number of new listings was also up (45.2%) we still haven’t back filled the high demand from this summer.  This is represented by active listings being down 18.4% v last year.  Also, not a surprise the average sold price was up by 2.4%.  Also, the number of active contracts is up v. last year by 25.3%.


So what does all of this mean for you?  Simple if you are thinking of selling now is the time to do it!  Demand is extremely high, homes are selling quickly and and for higher prices.  If you want to know what your home is worth just click HERE and I will prepare a pricing analysis for you.


if your thinking of buying?  While it is true that this is a sellers market the Federal Reserve just raised interest rates for the first time in nearly a decade.  To put that into perspective you likely had a razr the last time this happened!


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The Federal Reserve has targeted an increase of 1.375% over the next year so this will have a significant impact on what you can buy.  Thus, while higher rates will reduce demand it will also reduce the amount of home you can afford and make what you can afford more expensive.


Do you want to learn about the home buying process?  Click HERE for our 4 part video mini home buyer seminar.


If you have any questions about real estate in the Bluegrass feel free to give me a ring or email.





Morgan Franklin

(859) 576-0801

morgan@lexhomehub.com

 

Lexington Kentucky Real Estate

 

 

 

 






November Infographic

 

Lexington Kentucky Real Estate Quick Market Report November 2015


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Phone: 859-576-0801
Dated: April 4th 2017
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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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