The State of the Market for Buyers in Lexington KY

Is it still a buyer’s market today in Lexington?

As experts in the Lexington real estate market, we get asked this question a lot.

The answer isn’t as simple as yes or no.

First off, it really depends on the property type and location.

Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.

Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.

But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Lexington, but seem to be rebounding as the rental market increases.

Investment properties are in demand. The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Wilmore market in unique ways.

Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.

Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.

Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.

Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.

Sound confusing? It is. But We Can Help.

There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.

We’re investing in Lexington because we believe in the community and the people here.

If you need to sell a property near Lexington, we can help you.

We buy properties like yours from people who need to sell fast.

Give us a call anytime 859-903-5544 or fill out the form 
over here today if you’re looking to sell a Lexington house fast!

Dan Snyder

About Dan Snyder

I buy houses in Lexington, KY and the many other cities & counties across central Kentucky. My name is Dan Snyder. I live here locally in Kentucky. If you have a house in Lexington or somewhere else in central Kentucky, I'll give you a fair, cash, no obligation offer. You will never be charged a commission because I'm not a realtor. You won't have to pay any closing costs because I pay those too. And since I'm a local guy, if I cannot help you, I'll find you someone who can. If you find yourself in a bind and need to sell a house fast, then I can help. People have helped me before when I was in a tough spot. And now I am in a position to help other people.

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!

No comments yet.

Leave a Reply