Year-to-Date Real Estate Comparison

Today we compare last year’s stats to this November’s market data.

We’ve kicked off the holiday season, and real estate is the big topic locally, nationwide, and worldwide. A lot of people are asking about average prices and days on market. Today we’ll share the November market stats.

We have 1,574 new listings. That’s up 4% from last year. In November 2020, the median price in central Kentucky was $206,000. This year, it’s $229,000. In Lexington, our median price is $259,000. That’s up 13% from 2020. We're seeing multiple offers, and sellers are getting over asking price.

We only have 2,400 homes on the market. That’s 12% fewer homes than we had at this time in 2020. That’s creating more buyer demand for the buyers and a strong drive for sellers. A strong market is great, but we only have 1.6 months of inventory. Those homes are only staying on the market for 20 days. That's a 39% decrease from last year. In central Kentucky, we’ve sold 13,380 homes this year. That’s a 6% increase from last year’s 12,630 homes.

If you have questions about the market, don’t hesitate to reach out to us. We look forward to hearing from you soon.