Metropolitan Statistical Area (MSA):
Lexington-Fayette, KY is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Lexington-Fayette, KY metropolitan statistical area (MSA) has seen some incredible real estate trends over the past few years. The housing market in this area has been booming, and there is no sign of it slowing down anytime soon.
One of the most notable trends in the Lexington-Fayette MSA is the rise in home prices. According to Zillow, the median home value in this area is currently $186,600, which is a 5.8% increase from last year. This trend is expected to continue as more and more people are looking to purchase homes in this desirable area.
Another trend that has been taking place in the Lexington-Fayette MSA is an increase in new construction. This is likely due to the strong demand for housing in the area, as well as the high prices of existing homes on the market. builders are taking advantage of this demand by constructing new homes that are sure to sell quickly.
If you are thinking about purchasing a home in the Lexington-Fayette MSA, now is a great time to do so! Prices are on the rise and there is no shortage of beautiful new homes being built throughout the area.