1,012 sales for more than $190 million
LEXINGTON, Ky. (Dec. 14, 2016) — Real estate sales in November by members of the Lexington-Bluegrass Association of Realtors (LBAR) totaled 1,012 reported sales for $190,624,004, a 24.2 percent increase over last year when 815 sales were reported.
Of the 1,012 sales, 233 sales were to first time homebuyers and 110 sales were to out of state buyers. Residential sales increased 24.1 percent from 762 sales closed in November 2015 compared to 946 sales closed in November 2016. The residential median sales price increased 8.8 percent from $142,000 in November 2015 to $154,450 in November 2016. The residential average days on market decreased 23.3 percent from 77 in November 2015 to 59 days in November 2016.
Townhouses/condos sales increased 24.5 percent from 53 sales reported closed in November 2015 to 66 sales reported closed in November 2016. The townhouses/condos median sales increased 17.9 percent from $117,500 in November 2015 to $138,500 in November 2016. The average days on market decreased 8.2 percent from 105 in November 2015 to 97 days in November 2016.
The year-to-date 2016 residential single family sales increased 9.9 percent from 10,580 sales to date in 2015 to 11,627 sales to date in 2016. The year-to-date 2016 townhouses/condos sales increased 2.9 percent from 760 sales to date in 2015 to 782 sales to date in 2016. The residential median sales price increased 5.1 percent from $147,500 to date in 2015 to $155,000 to date in 2016. The residential average days on market decreased 18.2 percent from 77 days to date in 2015 to 63 days to date in 2016.
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