BELLEWOOD KENTUCKY - Real Estate Market Update December 2023 - Presented by Totally About Houses

🏡 Real Estate Market Update 📊

Attention Buyers and Sellers! 📢

In case you haven't heard, here's the latest scoop on the Bellewood real estate market! 🏠💼

📈 Over the last 12 months, the Months Supply of Inventory has been consistently low, with only 0.84 months supply currently available. This means that demand is high, and properties are selling fast!

💲💰 The List to Sold Price percentage is an impressive 101.5%, indicating that homes are selling for above their listing prices. It's a fantastic time to sell and maximize your return on investment! 💵

📆 Homes in Bellewood are not staying on the market for long. In fact, the median days on market is just 4 days! That's right, properties are being snatched up quickly, so it's crucial to act fast when you find your dream home 🏡 or if you're considering listing your property.

📊 The median sold price in Bellewood currently stands at $439,000, showcasing the strength and stability of the local market.

Whether you're looking to buy or sell, I'm here to guide you through the process and help you make informed decisions. Contact me, Monica Dunlap, YOUR trusted REALTOR® at Totally About Houses, for personalized assistance tailored to your needs. 🤝

Welcome back to Totally About Houses! I'm your trusted realtor, bringing you the latest market update for Bellewood Kentucky in November 2023. Whether you're a buyer or a seller, this video is tailored to keep you engaged and informed about the current real estate trends in our beautiful city.

Let's dive right in! Currently, Bellewood boasts an incredibly low inventory with only zero point eighty four months supply of homes available. This means that the market heavily favors sellers, creating a dynamic and competitive environment for buyers. If you're looking to sell your property, now might be an opportune time to maximize your return on investment.

Looking at the trend over the past year, we can see that the Months Supply of Inventory has been consistently low, indicating a sustained demand for housing in Bellewood. This stability suggests a healthy market that holds great potential for both buyers and sellers.

Another interesting statistic to consider is the List to Sold Price percentage, which currently stands at an impressive 101.5%. This means that, on average, sellers are achieving a sales price that surpasses their initial listing price. This is fantastic news for sellers as it demonstrates the strong market demand and the potential to obtain a premium price for your home.

Now let's talk about the Median Days on Market, which is an essential factor when assessing the speed of home sales. In Bellewood, homes are selling incredibly fast, with a median of just 4 days on the market. This rapid turnover indicates a highly competitive market where buyers must act swiftly to secure their dream home. On the flip side, sellers can benefit from this trend by enjoying a quick and efficient selling process.

Lastly, let's discuss the Median Sold Price, which currently stands at an impressive $439,000. This figure reflects the midpoint of all homes sold in Bellewood over the past year. It's crucial to note that this median price represents the overall market and may vary depending on specific neighborhoods or property types. However, it's a valuable benchmark for gauging the general value of homes in our city.

And that concludes our market update for Bellewood Kentucky in November 2023. Whether you're considering buying or selling, it's important to stay informed about the ever-changing real estate landscape. As always, if you have any questions or need personalized assistance, I'm here to help. Reach out to me at Totally About Houses, and let's navigate this exciting market together!

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