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Fayette home sales decline in June, but median price rose

New property sale numbers show some changes in Fayette County for sales of single family, duplex and condominium/townhouse.
New property sale numbers show some changes in Fayette County for sales of single family, duplex and condominium/townhouse. Getty Images/iStockphoto

Fayette County home sales declined in June, according to data released July 17 by Fayette County property valuation administrator David O’Neill.

The decline was consistent: Sales were down both from May 2017 and June 2016. June residential sales were 686; in May, 741 homes were sold, and in June 2016, 802 homes were sold.

The decline included all categories of homes: single family, duplex and condominium/townhouse.

However, the Lexington-Bluegrass Association of Realtors said last week that the median sales price was up from $184,009 in June 2016 to $205,000 in June 2017.

The PVA report also noted that the median sale price was up, but by a smaller amount: The median sales price was reported as $190,000, up from $185,000 in May and $188,000 from June 2017.

Foreclosures continued to be low compared with previous years. In June 2017, the PVA’s office recorded 17 foreclosures, down from 19 in June 2016 and dramatically down from a high of 75 in June 2012.

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