Enjoy this Lexington Market Report for the 4th QTR 2020. Statistics include Median and Average Sales Price, Inventory Levels, Days on Market, and Months Supply. If you need assistance in buying or selling a home in Lexington, North Carolina contact Megan Clement with Keller Williams Realty at 336-239-7501.
Lexington Market Report – 4th QTR 2020
At the end of the 4th QTR 2020, there are 201 Single-Family Homes and 4 Townhomes pending in the Lexington Real Estate Market. Inventory at the end of December is 116 Single-Family Homes and only 4 Townhomes available for sale.
The Median Sales Price for Single-Family Homes is $200,000 in the Lexington Market Report in the 4th QTR 2020. This is an increase of +25.1% from 2019 when the Median Sales Price was $159,875.
The Average Sales Price for Single-Family Homes in Lexington is $238,519. This is an increase of +29.8% from the 4th QTR 2019.
The Median Sales Price for a Townhome is $ 94,250. This is a decrease of -62.4% from the 4th QTR in 2019 when the Median Sales Price for a Townhome was $250,693.
The Average Sales Price for a Townhome is $ 132,366. This is a decrease of -43.6% from the 4th QTR in 2019 when the Average Sales Price for a Townhome was $ 234,769.
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Davidson County Market Watch Report – 1st QTR 2020
Davidson County Market Watch Report – 2nd QTR 2020
Shop Lexington Listings under 250K
Homes for Sale & Months Supply
Home for Sale for Lexington, NC
Months Inventory
Lexington Market Report on Closings and Inventory
A total of 225 Single-Family Properties closed during the 4th QTR in 2020. This is an increase of +.4% from 2019 when there were 224 closings. To understand how fast this market is moving, 78% of the closed homes in the 4th QTR of 2020 were under contract within the first 30 days on the market.
A total of 16 Townhomes closed during the 4th QTR in 2020. This is an increase of 14.3% from 2019 when there were 14 closings.
Analysis of the absorption rate indicates an inventory of 1.4 months for Single-Family Homes and at the time of this post, there are no active townhome listings in Lexington.
New Listings & Closed Sales
This chart shows the number of New Listings and Closed Sales from January 1, 2020, through December 30, 2020, for Single-Family Homes and Condo/Townhomes in Lexington, North Carolina. As you can see new listings and closings started to slow in March, April, and May but then picked up again in June through September.
| Month | Number of New Listings | Sales, Number of |
|---|---|---|
| Jan | 139 | 99 |
| Feb | 109 | 79 |
| Mar | 133 | 95 |
| Apr | 85 | 90 |
| May | 112 | 105 |
| Jun | 119 | 115 |
| Jul | 137 | 113 |
| Aug | 150 | 119 |
| Sep | 130 | 113 |
| Oct | 101 | 126 |
| Nov | 93 | 80 |
| Dec | 105 | 87 |
Time frame is from Jan 2020 to Dec 2020
DOM & Homes for Sale by Price Range
Lexington Market Report – 4th QTR 2020
Days on Market by Price Range
Lexington Market Report – 4th QTR 2020
Homes for Sale by Price Range
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