Year-to-date Market Activity Report Summary October 2016 vs October 2017 Residential sales increased 6% 994 1,053 Residential Median Price increased 4% $155,250 $162,000 Townhouse/condo sales increased 11% 56 62 Townhouse Median Price increased 5% $132,960 $139,500 Total Activity increased 6% 1,050 1,115 Year to Date 2016 vs Year to Date 2017 Residential sales increased 4% 10,646 11,062 Residential Median Price increased 5% $155,000 $162,500 Townhouse/condo sales increased 9% 711 776 Townhouse Median Price increased 5% $129,000 $135,000 Total Activity increased 4% 11,357 11,838
As of October 31st, 2017 Contents 1. 2. 3. 4. 5. 6. 7. 8.
Residential Sales Closed Townhouse/Condo Closed Existing Home Sales Closed Pending Inventory New Construction Sales Closed Residential Median Sales Price Residential Average Days on Market Townhouse/Condo Median Sales Price
1. Residential Sales Closed as of October 31, 2017 2017 Residential Sales
2016 Residential Sales
2015 Residential Sales
1600 1400
1314
1338 1319 1257
1242 1272
1200 1000
980
1146 1092
1060 999
1238 1242
1241
1019 1073
1053
800 600
1017
994 946
1000
891
1053
979
903 714
741
859
822
733
762
602 607 542
400 200 0 Jan
Feb March April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
2. Townhouse/Condo Closed as of October 31, 2017 2017 Townhouse/Condo Sales
2016 Townhouse/Condo Sales
2015 Townhouse/Condo Sales
120
97
100 91
100 84
96
93 84
92
90 87
80
73
79
77 74
62
71
61 59
60
62
53
65 72 64
66 62
64
56 60
60 53
40
38
40 44
29
20
0 Jan
Feb March April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
3. Existing Home Sales Closed as of October 31, 2017
2017 Existing Home Sales
2016 Existing Home Sales
1400
1302 1221
1291
1200
1239
1324 1275
1155 1245 1240
1217
1039
1000
963
978
1078
1050
1072
997 977
859
965
1011 969
965
898
891
800
718
588
600
2015 Existing Home Sales
717
845 803 738
698 582 524
400 200 0 Jan
Feb
March April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
4. Pending Inventory as of October 31, 2017 2017 Pending Inventory
1800 1600
2016 Pending Inventory
2015 Pending Inventory
1546 1458
1459
1437
1400 1392
1200
1446
1457 1406
1404 1396
1381
1307 1299
1260
1138 1153 1027
1373 1314
1137 1118 1169
1142
1121
1000 800
1141 1030 954 1003
864 883
919
889 737 709
600 400 200 0 Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
5. New Construction Sales Closed as of October 31, 2017 140
2017 New Construction Sales
2016 New Construction Sales
120
120
2015 New Construction Sales
117
114
116
108 104
100
97 91
104
100 93
99 94
92
87 95 84
94 90
80
78
87
77
85 87
75
81
77 72
69
60
40
52
74
55
47
20
0 Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
6. Residential Median Sales Price as of October 31, 2017 2017 Residential Median Sales Prive
2016 Residential Median Sales Price
180,000
167,000 163,000
160,000
155,350
158,000
165,175
164,900
158,022
2015 Residential Median Sales Price
165000 166,700
169500 159,900 157,250
153,875 148,900 145,900 151,000
162,000 155,250
154,450
150,000
149,900 153,500 150,000
149,900
138,000
140,000
$138,000
137,000
120,000
100,000
80,000 Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
7. Residential Average Days on Market as of October 31, 2017 2017 Residential Days on Market
2016 Residential Days on Market
2015 Residential Days on Market
100 92 93
80
86
93 85
91
77 74 77 68
72
77 71
68
60
59
61
67 53
49
55
69
77
65 71
75 63
62 59
57 51
47
46 42
40
20
0 Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.
8. Townhouse/Condo Median Sales Price as of October 31, 2017 200,000
2017 Townhouse/Condo Median Sales Price
180,000
2016 Townhouse/Condo Median Sales Price
172,000
160,000 140,000 127,000 129,450 113,500
153,965
160,500
164,308
147,500 143,250
120,000
2015 Townhouse/Condo Median Sales Price
152,750 140,000 117,500 127,900
124,000
117,500
134,500
138,750 149,900 125,000
128,500
150,000 131,000
139,500 132,960
138,500 140,750
121,000 113,900
120,750
100,000
154,500
153,703
123,500 117,500
107,000
80,000 60,000 40,000 20,000 0 Jan
Feb
March
April
May
June
July
Aug
Sept
Oct
Nov
Dec
Published by the Lexington-Bluegrass Association of REALTORS®. This data is based exclusively upon LBAR MLS activity in the Central Kentucky region.