NELSON COUNTY, KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 Market Update 📊🏡

Attention Nelson County, Kentucky residents! 📢 As your trusted REALTOR®, Monica Dunlap from Totally About Houses, I have some exciting market trends data to share with you for October 2023. 🗓️ Whether you're a buyer or seller, this information will help you make informed decisions in the real estate market. Let's dive in!

💼 1️⃣ Months Supply of Inventory: 📈 Currently, Nelson County has a healthy 2.91 months supply of inventory. This means there is a balanced market, offering opportunities for both buyers and sellers. Over the last 12 months, we've seen a positive increase of 2.83% in the Months Supply of Inventory. 📈

2️⃣ List to Sold Price Percentage: 💵 Sellers, rejoice! The List to Sold Price percentage stands at an impressive 99.2%. This indicates that homes in Nelson County are selling close to their listing prices, giving sellers confidence in their investments. 💰

3️⃣ Median Days on Market: ⏰ Nelson County homes are moving quickly! The median days on market is just 19 days, showcasing a strong demand for properties in our area. Buyers need to act swiftly to secure their dream homes! ⚡

4️⃣ Median Sold Price: 💲 The median sold price for homes in Nelson County currently stands at $254,900. This figure represents the midpoint of all home prices, providing a snapshot of the market's overall value. 💸

Whether you're looking to buy or sell in Nelson County, Kentucky, now is an opportune time to make your move. With a balanced market, strong list to sold price percentage, quick sales, and competitive median sold prices, the real estate scene is buzzing! 📈🏡

Reach out to Monica Dunlap, your dedicated REALTOR® at Totally About Houses, for personalized guidance and expert advice. Let's navigate this exciting market together! 🤝🔑

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Hey everyone! It's your friendly neighborhood realtor from Totally About Houses. I hope you're all doing fantastic today because I have some exciting news to share with you!

Today, we're going to dive into the latest market update for Nelson County Kentucky, as of October 2023. Whether you're a buyer or seller, this information is crucial for making informed decisions. So, let's get started!

First off, let's talk inventory. Currently, we have a two point ninety one Months Supply of Inventory. Now, what does that mean? Well, it indicates how long it would take to sell all the homes on the market if no new listings were added. So, in other words, Nelson County is experiencing a balanced market right now.

Over the last year, we've seen a slight increase of two point eighty three percent in the Months Supply of Inventory. This tells us that the market is gradually shifting, giving both buyers and sellers more opportunities.

Now, let's talk about the List to Sold Price percentage. In Nelson County, we're currently seeing an impressive 99.2% List to Sold Price. This means that sellers are getting very close to their asking price, which is incredible news if you're planning to sell your home!

Ah, the days on market. This is an important statistic for sellers and buyers alike. In Nelson County, homes are flying off the market, with a median of just 19 days! That's less than three weeks. So, if you're selling, be prepared for a quick turnaround.

Last but certainly not least, let's talk about the median sold price. In Nelson County, the median sold price is currently sitting at $254,900. This figure gives you a great idea of the average price range you can expect when buying or selling a home in our area.

Well folks, that's a wrap for today's market update. I hope you found this information helpful and insightful. Remember, if you have any questions or need assistance navigating the real estate market in Nelson County Kentucky, I'm always here to help.

Thanks for tuning in, and until next time, stay informed, stay curious, and stay totally about houses!