Shively, Kentucky - Real Estate Market Update January 2024 - Presented by Totally About Houses

📅 December 2023 Market Update for Shively, Kentucky! 📍

📈 Buyers and Sellers, here's what you need to know about the current market trends in our area:

1️⃣ Months Supply of Inventory: Currently, there is a low 1.61 months supply of inventory in Shively, Kentucky. This means there are fewer homes available, indicating a competitive market for buyers. Over the last 12 months, the Months Supply of Inventory has increased by 4.55%, highlighting a slight increase in housing options. 

2️⃣ List to Sold Price Percentage: Sellers, rejoice! The List to Sold Price percentage stands at an impressive 99.3%. This indicates that homes in Shively, Kentucky are selling at a price close to their listing price, providing a favorable environment for sellers.

3️⃣ Median Days on Market: Homes in our area are not staying on the market for long! The median days on market is just 10 days, showcasing the high demand and desirability of properties in Shively, Kentucky. Buyers need to act quickly in this fast-paced market.

4️⃣ Median Sold Price: The median sold price in Shively, Kentucky is $173,750. This figure represents the midpoint of all homes sold in the area, providing a reference point for buyers and sellers in determining property values.

🌟 If you're considering buying or selling a home in Shively, Kentucky, it's crucial to stay informed about the latest market trends! As a REALTOR® with Totally About Houses, I'm here to guide you every step of the way. Feel free to reach out to me for personalized advice and assistance. Let's make your real estate goals a reality! 🏡💼

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Welcome back to Totally About Houses! I'm your trusted realtor here in Shively Kentucky. Today, I'm excited to bring you a market update for December 2023. Whether you're a buyer or seller, this information is essential for making informed decisions in our local real estate market. So, let's dive right in!

First, let's talk about the inventory in Shively. Currently, we have a one point sixty one Months Supply of Inventory. What does that mean? Well, it indicates how long it would take for all the current homes on the market to be sold, given the current sales pace. This number gives us an idea of whether we're in a buyer's or seller's market. With  one point sixty one months of inventory, we can say that Shively is experiencing a seller's market, where demand is high and supply is limited.

Looking back over the last 12 months, we've seen a 4.5% increase in the Months Supply of Inventory. This slight rise indicates that more homes have entered the market, providing buyers with a slightly larger selection of choices. However, it's important to note that we're still in a seller's market, so buyers should be prepared to act quickly when they find their dream home.

Now, let's talk about the List to Sold Price percentage. Currently, homes in Shively are selling at an impressive ninety nine point thirty five percent of their list price. This figure demonstrates that sellers are receiving offers very close to their asking prices. It's a strong indicator of the high demand in our market and the value that buyers see in these properties.

If you're planning to sell your home, you'll be pleased to know that the median days on market is just 10 days. That's right, homes in Shively are selling quickly! So, if you're looking to make a move, now may be the perfect time to list your property and take advantage of the fast-paced market.

Finally, let's discuss the median sold price in Shively. Currently, the median sold price stands at $173,750. This figure represents the middle point of all the sold properties in our area. It's useful for both buyers and sellers to gauge the overall price trends in the market. Remember, this is just a median, and actual prices can vary depending on the location, condition, and features of the home.

That's all for today's market update! I hope you found this information helpful and informative. If you have any questions or are considering buying or selling in Shively, please don't hesitate to reach out to me at Totally About Houses. I'm here to assist you every step of the way.

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