Lexington, KY - Local Housing Data - Summary

Change location:

Region

State

City

Lexington, Fayette, KY

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Lexington, KY Local News

Freshest Numbers For Lexington Show New Home Closings and Prices Rise

Posted on: Jul 06, 2014 07:20:57 AM

In the Lexington, KY market, new home closings grew year-over-year in April, swinging upward off a decline in March 2014. New home closings saw a climb of 21.6% from the year earlier to 45. This came after a 16.7% fall year-over-year in March.

A total of 342 new homes were sold during the 12 months that ended in April, up from 334 for the year that ended in March.

Of 511 total closings, 45 were of new homes. This is an increase on a percentage basis, as new home closings were 6.1% of total closings a year ago. Following a year-over-year decline in March, closings of new and existing homes also dropped year-over-year in April.

Pricing and Mortgage Trends

In April, there was a 43.9% gain year-over-year in the average price of newly sold homes, reaching $305,426 per unit. This bump is an improvement over the 28.0% boost in March year-over-year.

For newly sold homes, the average mortgage size jumped year-over-year along with new home prices. It climbed to $266,231 in April, a 59.4% hike. Average mortgage size climbed 32.6% in March 2014 from a year earlier.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.