Selling Central Kentucky – One home at a time!
Lexington Kentucky is the Horse Capital of the World ranging in population from the U.S. Census at 295,800 (2010) but the estimated population of the metropolitan statistical area, which is compiled from Bourbon, Clark, Fayette, Jessamine, Madison, Scott, and Woodford counties, is 555,000.
The real estate market in Lexington has had a consistent growth over the past year. Lexington Fayette county area averaged around a 4% increase on property values on a year over year basis before the real estate bubble burst. The average sales price in Sept 2007 for residential was $176,241 with the median sales price at $148,500 with the average days on market at 82. After enduring 5 years of ups and down the Sept 2012 statistics are out with the average sale price up 1% from last years $166,683 and the median sales price is down 1% from last years at $142,500 with an 86 days on the market avg.
This information shows you the facts of the real estate market in Lexington Kentucky and this website will help guide and direct you with fact finding information that will help you with your real estate needs now or in the future. Although we have saw great strides in the right direction with consistent growth, some areas better than others but at a gradual growth that indicates everything is picking back up and we believe that we are on our way up from the bottom.