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Madison County October 2020 Monthly Real Estate Update

Amanda Marcum

Amanda graduated in August 2007 from the University of Florida with a bachelors degree in Geological Sciences and a minor in Health Sciences...

Amanda graduated in August 2007 from the University of Florida with a bachelors degree in Geological Sciences and a minor in Health Sciences...

Nov 17 3 minutes read

In this video Amanda Marcum, Broker/Owner of the #MARCUMsold Team at Berkshire Hathaway HomeServices Foster Realtors, discusses the current trends and numbers for the local housing market. She details how October 2020 compares to October 2019. As well as how the whole year of 2020 compared to 2019. Other topics include, current interest rates as well as buying and selling hot topics! If you'd like to connect with Amanda directly, please call or text 859-353-2853 or [email protected] Monthly Market Update Madison County Kentucky October 2020 2020 October New Listings: 127 vs. 2019 October New Listings: 153 (-17%) 2020 October Sales: 152 vs. 2019 October Sales: 113 (+35%) Average Sales Price: $217,483 (+5%) Median Sales Price: $202,700 (+8%) 2020 October Average Days on the Market: 25 vs 2019 October Ave DOM: 38 (-34%) Cumulative 2020 New Listings 2020: 1,523 vs 2019: 1,549 (-2%) Sales 2020: 1,345 vs 2019: 1,145 (+17%) Average Sales Price: $216,493 (+9%) Median Sales Price: $195,000 (+9%) 2020 September Average Days on the Market: 43 vs 2019 September Ave DOM: 48 (-10%) Total Number of Pendings by Month (October): 2020: 109 2019: 107 2018: 109 *Important above was provided by the Lexington Bluegrass Association of Realtors MLS.

If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Madison County market.

Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.

Our market report showcases everything you need to know about local real estate trends.

 

127

New Listings

151

Active Listings

109

Under Contract

152

Closed Sales


Homes Sold

98%

Sale-to-List Price


$217,483

Average Sales Price

1.0

Months of Supply

25

Average Days on Market

$110

Average Price per Square Foot

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