Market Report for Lexington
In 2019 at the end of the 3rd QTR, there are 228 single-family homes and 11 townhomes pending in the Lexington Real Estate Market. At the end of October, there are 245 single family homes and 3 townhomes available for sale.
The average sales price for single family homes in this market is $ 194,435. This is up 5.2% from the 3rd QTR in 2018. The average sales price for townhomes is $210,628. This is up 47.1% from the 3rd QTR in 2018 when the average sales price for townhomes was $148,594.
A total of 250 single family properties closed during the 3rd QTR in 2019. This is up 12.1% from 2018 when there were 223 closings.
A total of 13 townhomes closed during the 3rd QTR in 2019. This is up 160% from 2018 when there were 5 closings.
Analysis of the absorption rate indicates an inventory of 3.4 months for single family homes and 1.1 months inventory for townhomes in the Lexington Real Estate Market.
At the end of the 3rd QTR 2019, new homes account for 18% of the available inventory for sale.
Average Sales Price and Days on Market in Lexington, NC
| Month | Sale Price, Average | Days to Sell, Median |
|---|---|---|
| Jan | $172,822 | 61 |
| Feb | $160,766 | 34 |
| Mar | $149,571 | 23 |
| Apr | $181,318 | 22 |
| May | $168,142 | 24 |
| Jun | $176,065 | 26 |
| Jul | $189,389 | 18 |
| Aug | $198,839 | 19 |
| Sep | $193,931 | 17 |
| Oct | $172,683 | 18 |
Time frame is from Jan 2019 to Oct 2019
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Lexington Average Sales Price by Price Range
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