40211, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🌟🏡 The Louisville Real Estate Market Update is here! 🏡🌟

October 2023 has brought some exciting trends, and as a REALTOR® at Totally About Houses, I'm here to keep you informed. Check out the latest data:

📈 We currently have a 3.25 Months Supply of Inventory, providing a balanced market for both buyers and sellers.

💰 Sellers, rejoice! The List to Sold Price percentage is a remarkable 92.9%. This means you have the potential to get top dollar for your property!

⏰ Buyers, act quickly! The median days on market is 52, indicating a fast-paced environment. Don't miss out on your dream home!

💲 The median Sold Price in October 2023 stands at $92,000. Use this as a reference point when considering your real estate goals.

Ready to navigate the Louisville, KY market? Look no further than Monica Dunlap, your go-to REALTOR® at Totally About Houses. Let's make your real estate dreams a reality! 🏘️💼

#LouisvilleRealEstate #MarketTrends2023 #BuyersAndSellers #MonicaDunlapRealtor

Welcome back to Totally About Houses! I'm your trusted realtor here in beautiful Louieville Kentucky. Today, I have an exciting market update to share with all you buyers and sellers out there. So, let's dive right in!

Alright, let's start with the numbers. As of October 2023, we currently have a three point twenty five months supply of inventory in the Louieville market. Now, what does that mean? Well, it indicates the number of months it would take to sell all the homes currently on the market if no new listings were added. So, if you're a seller, this means there's still a healthy demand for homes, which is great news for you!

Now, here's the interesting part. Over the last 12 months, we've seen a significant increase of nineteen point ninety three percent in the Months Supply of Inventory. What does this mean for you as a buyer or seller? Well, it suggests that the market has become slightly more favorable for buyers, giving you a bit more negotiating power. But fear not, sellers! With the demand still strong, it's still a fantastic time to list your home and make a sale.

Next up, let's talk about the List to Sold Price percentage, which currently stands at a solid 92.9%. This number represents the average sale price compared to the original listing price. So, what does this mean for you? Well, it shows that sellers are still getting a great return on their investment, with homes selling at almost 93% of their asking price. It's definitely a positive sign for all you potential sellers out there!

Now, let's take a look at the median days on market, which currently sits at 52 days. This means that, on average, homes are selling within just over seven weeks of being listed. So, for those of you looking to sell quickly, this is fantastic news! And for buyers, don't worry, there's still plenty of time to find your dream home without feeling rushed.

Last but certainly not least, let's talk about the median sold price, which currently stands at $92,000. This represents the middle point of all the home sale prices in the Louieville market. Now, this number can vary depending on various factors such as location, size, and condition of the property. But overall, it gives you a good idea of what to expect when it comes to pricing your home or searching for your next investment.

And there you have it. That's your market update for October 2023. Whether you're buying or selling, it's clear that the Louieville market is still going strong. If you have any questions or need assistance navigating the real estate world, don't hesitate to reach out to me at Totally About Houses. Until next time, take care and happy house hunting!