The Lexington housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Lexington currently stands at $195,000. With 4.0 months of supply, Lexington's inventory levels remain relatively tight. Homes are taking about 7 days to sell, which is NaN days longer than this time last year. A significant 75.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Lexington market with the affordability index at 2020.7. Looking ahead, the Lexington market is expected to maintain its current trajectory with relatively stable conditions.
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