lexington market trend re/port- august
DESCRIPTION
August 2012 Market Trends for the Lexington area.TRANSCRIPT
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RE/MAX of Kentucky/Tennessee
Lexington, KY Market Trend RE/port
August 2012
September 14, 2012
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August Highlights 2012 vs. 2011
For Lexington, KY comparing 2011 to 2012 there are . . .
• 110 more Properties sold than this time last year• Listings have been selling 0 days faster in 2012• 19% more listings under contract compared to August 2011• 6% more listings for sale in 2012• Average sales price has increased in 2012 by 4% or $6,000• 31% less monthly supply of inventory in 2012
• Inventory is dropping and prices are going in the right direction!
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Number of Units Sold
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Days on Market
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Pending Listings (Under Contract)
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Number of Listings For Sale
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Average Sales Price
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Monthly Supply of Inventory (Under Contract)
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Data provided by Terradatum. The above representation is based in whole or in part on data from the local Multiple Listing Service for the time period indicated. RE/MAX, the Multiple Listing Service, and the member Associations of REALTORS do not guarantee or are in any way responsible for the data accuracy.