Last week I showed a buyer a house that had only been on the market ten days. I learned that it already had multiple offers with a deadline to submit offers given as that very day. It was fortunate that this particular house did not meet my buyer’s needs as the home went into pending status the next day. However, it is pretty amazing that a house can come on the market a few days before Christmas and be under contract less than two weeks later.
In my opinion the Lexington Ky real estate market is not going to cool off much this winter. The latest available statistics from the local Board of Realtors show that home sales for 2015 through November went up 15% from the year before. Single family homes also increased in price by 5%. The average days on the market decreased 10% going down from 86 days to 77 days. So that means, on average, homes have been selling quicker–and for more money!
The bottom line is, if you are thinking of selling your home this year don’t wait until Spring. The home inventory is low now. And, clearly, buyers are out there! I have a 50 Point Marketing Success Plan that I would love to share with you. Call me to set up a no-obligation appointment for me to evaluate your home and share my plan to help you sell it.
By the way, last year I listed at least one that home that sold in a day. Read more about my 7 secrets to selling a home quickly here.
If you are looking for homes for sale in Lexington, here are some helpful links:
If you are moving to Lexington Ky and want to learn more about the area, check out my Top Ten Reasons for Moving to Lexington Ky.
Contact me for more information about the Lexington Ky real estate market, and how I can help you with buying or selling a home in Central Kentucky area–or both!
If you’re buying or selling a home in Lexington Ky or moving to Lexington Ky, be sure to contact Ivan ‘Z’ Newell and the LexHomes Team for assistance with Lexington KY real estate. 'Z' and the LexHomes team members are 'Loving Lexington!" and loving to assist people in search of homes for sale, Kentucky horse farms or investment properties in Lexington, KY and surrounding areas. If you'd like more information on a real estate career with LexHomes Real Estate, we're always looking for more dedicated real estate agents! Just email us at firstname.lastname@example.org or call us at (859) LEX-HOME (539-4663) today!