The Housing Market is really hot in certain Lexington neighborhoods and certain price ranges.

The Housing Market is really hot in certain Lexington neighborhoods and certain price ranges.

  Many of the neighborhoods in south Lexington have become a strong sellers market.  This has happened in the past six weeks.  There are other neighborhoods within certain price ranges where it is almost impossible to get a contract on a home for a buyer.  Anything priced below $160,000 in south Lexington that is in good condition will often sell the first week and sometimes even the first day.

Dorothy is working with buyers who every time they look at a house it has an executed contract before she can even finish writing the contract.

I wonder if houses that sell the first day are priced under the market value.  It seems to me that if a home sells almost immediately and only one person was able to make an offer that you really do not know what the market value was.  Some of these homes I suspect would have easily sold within the first month priced five to ten percent higher. 

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