Lexington Park Real Estate Market Extends Downward Trend in Price Cuts

Sales in the Lexington Park market remained level with seven homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with 15 price reductions in the same time frame. As the lowering of listing prices trended lower, sale prices themselves have also been increasing. The median sales price hit $189,995, extending a four-week long spike. Along with flat sales, a relatively high eight months of inventory indicates that Lexington Park is a definite buyer's market.

If you aren't worried about the price tag of your dream home, these listings are the best Lexington Park has to offer:

$395K   $369K   $357K  

Get started right now by checking out Lexington Park homes for sale or reviewing Lexington Park real estate trends.

Demographic facts for Lexington Park:

  • The median value of all homes in the area is $226,800.
  • The area gets 114 rainy days a year. (U.S. average: 100)
  • The unemployment rate for this area is 5.2%.
  • The students per teacher ratio in this area is 17.4:1. (15.3:1 = national average)

Data reported through 10/13/2016

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