May 27, 2020

Lexington Market Snapshot: Week of May 18-22

Anyone who has spent time scrolling through their social media feed has seen a variety of opinions on whether we should reopen our economy. Even with the diversity of opinions shared, it is nonetheless a refreshing sight to see our "new normal" setting in as our country emerges from isolation. With restaurants reopening this past weekend, barbers and nail salons opening this week, and movie theaters coming next week, our community is coming back to life. Our real estate market has no doubt been impacted by the Coronoavirus, but real estate continues to be a bright spot of our local economy. Lexington has retained it's "hot" market status from Zillow, reflecting the strong housing market we have.

Below is a snapshot of the last week's activity in Lexington, according to Zillow:

  • 59 New Listings
  • 33 Homes Sold (closed)
  • Highest price: $1.1 Million
  • Lowest Price: $130,000
  • Average Price: $262,253
  • Median Price: $215,000

With mortgage rates still near record-lows, it remains an incredible time to buy a home with the help of a great real estate agent.