It is always a good time to be in the market for somebody.
A few years ago anybody moving up had it made. The price of their old house had dropped, but the price on their move up house had dropped even more.
Today, the winner is the buyer who is downsizing. Sure, the house they want to buy is worth a lot more than it was a few years ago, but so is the house they are selling.
I’ve worked with several buyers who have been empty nesters or retirees. Some already lived in Lexington. Some have moved from out of state after discovering Lexington is a great place to retire.
Almost all of them want a ranch house less than 2000 square feet. Some want an older house for the character. Some want a newer house for maintenance free living. Some have considered a condo, but none have bought one (yet). They all have wanted to be close to shopping/dining/entertainment as well as health care facilities. Many of them have family spread out in different states and tell me they like how Lexington is two hours to their grandkids, or 3 hours in the opposite direction to other family. Guess having two interstates with Lexington in their crosshairs helps.
It is a lot of fun to work with these buyer, and it sure is a good time to be one of them!