Enjoy this Lexington Market Report for the 4th QTR 2019. Statistics include Median and Average Sales Price, Inventory Levels, Days on Market, and Months Supply.
- Market Report for Lexington
- Median & Average Sales Price Comparison for 2019
- Shop Lexington Homes under 200K
- Lexington Closings and Inventory
- Closed Sales & Months Inventory
- Lexington New Construction under 225K
- Days on Market by Price Range
- Lexington New Construction under 400K
- Lexington Average Sales Price by Price Range
- Map of Lexington in Davidson County
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Market Report for Lexington
At the end of the 4th QTR 2019, there are 181 Single-Family Homes and 12 Townhomes pending in the Lexington Real Estate Market. Inventory at the end of December is 203 Single-Family Homes and 4 Townhomes available for sale.
The Median Sales Price for Single-Family Homes is $159.875. This is an increase of 7.3% from 2018 when the Median Sales Price was $149,000. The Median Sales Price for a Townhome is $250,693. This is an increase of 11.2% from 2018.
The Average Sales Price for Single-Family Homes in Lexington is $ 184,259. This is an increase of 9.7% from the 4th QTR in 2018. The Average Sales Price for a Townhome is $ 234,769. This is up 10.6% from the 4th QTR in 2018 when the Average Sales Price for a Townhome was $ 212,310.
Davidson County Market Watch Report for 4th QTR 2019
Median & Average Sales Price Comparison for 2019
| Month | Sale Price, Median | Sale Price, Average |
|---|---|---|
| Jan | $142,250 | $161,870 |
| Feb | $135,000 | $150,181 |
| Mar | $143,650 | $150,285 |
| Apr | $156,245 | $167,678 |
| May | $144,000 | $152,136 |
| Jun | $142,490 | $166,380 |
| Jul | $149,900 | $177,299 |
| Aug | $147,695 | $185,329 |
| Sep | $159,000 | $182,140 |
| Oct | $154,900 | $163,167 |
| Nov | $168,500 | $186,482 |
| Dec | $156,000 | $176,110 |
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Time frame is from Jan 2019 to Dec 2019 Status is one of ‘Active’, ‘Due Diligence Period’, ‘Pending AB’, ‘Pending’, ‘Closed’
City is ‘Lexington’
County is ‘Davidson’
Property Sub Type is one of ‘Stick/Site Built’, ‘Single’
Results calculated from approximately 920 listings
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Shop Lexington Homes under 200K
Lexington Closings and Inventory
A total of 222 Single-Family Properties closed during the 4th QTR in 2019. This is up 12.7% from 2018 when there were 197 closings. To understand how fast this market is moving, 59% of the closed homes in the 4th quarter were under contract within the first 30 days.
A total of 14 Townhomes closed during the 4th QTR in 2019. This is up 133.3% from 2018 when there were 6 closings.
Analysis of the absorption rate indicates an inventory of 2.7 months for Single-Family Homes and 1.2 months inventory for Townhomes in the Lexington Real Estate Market.
At the end of the 4th QTR 2019, new homes account for 23% of the available inventory for sale.
Closed Sales & Months Inventory
Lexington New Construction under 225K
Days on Market by Price Range
Lexington New Construction under 400K
Lexington Average Sales Price by Price Range
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