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

🏡 Attention Buyers and Sellers in Fern Creek! 🏡

🔎 Market Update by Monica Dunlap, REALTOR® at Totally About Houses 🔎

📈 Let's talk numbers! Here's a snapshot of the current real estate market trends in our area:

1️⃣ Months Supply of Inventory: 1.81 months 📊

Exciting news! Over the last 12 months, the Months Supply of Inventory has increased by a remarkable +285.11%. This indicates a healthy and competitive market for both buyers and sellers.

💰 List to Sold Price: 98.9% 💵

Sellers, rejoice! Our market demonstrates strong negotiation power, with properties selling at an impressive 98.9% of the listing price. It's a great time to maximize your investment!

⏳ Median Days on Market: 4 days ⌛️

Yes, you read that right! Homes in Fern Creek are flying off the market in just 4 days on average. Don't miss out on your dream home or the opportunity to sell quickly.

💲 Median Sold Price: $248,750 💲

The median sold price stands at $248,750, showcasing the value and desirability of properties in our area. Whether you're buying or selling, this is a market you want to explore.

🤝 As your trusted REALTOR®, I'm here to guide you through these exciting market conditions. Reach out to me today to discuss your real estate goals and how we can achieve them together.

Hi everyone, I'm your neighborhood realtor from Totally About Houses. Today, I'm excited to bring you a market update for Fern Creek. It's December 2023, and there's plenty of fascinating data to dive into. Whether you're a buyer or a seller, this update is for you.

Let's start with the Months Supply of Inventory, a crucial indicator of market activity. Currently, we have one point eighty one months of supply, which means that if no new homes were added to the market, it would take just under two months to sell all the available homes. Now, here's where it gets interesting. Over the last 12 months, we've seen a staggering increase of two hundred eighty five point eleven percent in the Months Supply of Inventory. This suggests a shifting landscape that both buyers and sellers need to be aware of.

Now, let's talk about the List to Sold Price percentage. This percentage tells us how close the final sale price is to the original listing price. In Fern Creek, the List to Sold Price percentage currently stands at an impressive ninety eight point eighty eight percent, indicating strong demand and a competitive market. Sellers can take advantage of this trend, while buyers should be prepared to make competitive offers.

Another essential metric is the median days on market. In Fern Creek, homes are selling fast, with a median of only 4 days on the market. This rapid pace demonstrates the high desirability of properties in this area. Buyers must act quickly, while sellers can expect a swift sale if priced and marketed effectively.

Finally, let's discuss the median sold price. Currently, the median sold price in Fern Creek is $248,750. This figure represents the middle point of all homes sold in the area, giving you a snapshot of the market's overall price range. If you're a seller, it's crucial to know your home's value within this context. For buyers, this information helps you gauge affordability and make informed decisions.

So there you have it, the latest market update for Fern Creek. As a realtor with Totally About Houses, I'm committed to keeping you informed and helping you navigate the ever-changing real estate landscape. If you have any questions or need assistance, feel free to reach out to me. Until next time, take care and stay tuned for more valuable updates.

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