2019 turned out to be a good year for horse farm sales in Lexington, Kentucky and the surrounding counties. The average selling price increased about 2% from $1,150,160 in 2018 to $1,172,627 in 2019. The median selling price increased from $675,000 in 2018 to $725,000 in 2019. Horse farm sales continue to be slow compared to residential sales in the area with the average days on the market increasing from 111 days in 2018 to 146 days in 2019. The total volume of horse farm sales decreased from $67,859,453 in 2018 to $62,149,250 in 2019. The strength in the market in 2019 was in the horse farm sales at or under $800,0000 with the average selling price increasing from $439,132 in 2018 to $448,172 in 2019. The more expensive the horse farm, the more difficult it was to sell the farm in 2019 with only 3 sales of horse farms in 2019 at $3,000,000 or more down from 6 sales in 2018. In general this is mostly a neutral market (neither great for buyers or sellers).
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