40212, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡 Attention Louisville Buyers and Sellers! 🏡

📅 Date: October 2023

🏢 Company: Totally About Houses

👩‍💼 Name and Title: Monica Dunlap, REALTOR®

📊 Let's take a look at the latest market trends in Louisville, KY (40212) to help you make informed decisions:

1️⃣ Months Supply of Inventory: Currently, there's a 2.85 months supply of inventory in our market. This indicates a moderate demand for homes and suggests a balanced market for both buyers and sellers. (Source: RPR's Market Trends data)

2️⃣ Positive Inventory Trend: Over the last 12 months, the Months Supply of Inventory has decreased by -7.47%. This suggests a potentially competitive market, with homes selling at a faster pace. (Source: RPR's Market Trends data)

3️⃣ List to Sold Price: The List to Sold Price percentage stands at an impressive 93.7%. This indicates that sellers are receiving close to their asking price, highlighting the demand for properties in our area. (Source: RPR's Market Trends data)

4️⃣ Speedy Sales: The median days on market is just 19 days. This means that well-priced and desirable homes are selling quickly, allowing sellers to move on to their next chapter sooner. (Source: RPR's Market Trends data)

5️⃣ Median Sold Price: The median sold price in our area is $86,126. This figure represents the midpoint of all recent sales, providing valuable insights into the local housing market. (Source: RPR's Market Trends data)

✨ Whether you're buying or selling, these market trends can help guide your decisions and set realistic expectations. If you're looking to make a move in Louisville, I'm here to assist you every step of the way. Contact me, Monica Dunlap, your trusted REALTOR®, at Totally About Houses. 🏠

#LouisvilleRealEstate #MarketUpdate #BuyersandSellers #MonicaDunlapRealtor #TotallyAboutHouses

Good day, everyone! I'm your trusted realtor from Totally About Houses. Today, I'm excited to bring you an insightful market update for the beautiful city of Louisville Kentucky. Whether you're a buyer or seller, this information will help you make informed decisions in the real estate market.

Let's dive right in! As of October 2023, we currently have a two point eighty five Months Supply of Inventory. This means that if no new homes are listed, it would take approximately two point eighty five months to sell all the existing inventory. And here's an interesting trend, over the past 12 months, we've seen a seven point forty seven percent decrease in the Months Supply of Inventory. This indicates a stronger market and increased competition among buyers.

Now, let's talk about the List to Sold Price percentage, which stands at a remarkable 93.7%. This figure represents the average percentage of the original listing price that sellers ultimately receive when closing their transactions. It's crucial for both buyers and sellers to understand this data, as it can impact negotiations and strategy.

Time is of the essence in real estate, and that's why I want to highlight the median days on market, which currently sits at just 19. Yes, you heard it right – 19 days! This means that, on average, homes in Louisville are selling relatively quickly. So, if you're a seller, this could be a fantastic opportunity to garner interest and secure a favorable offer.

Finally, let's discuss the median sold price, which currently stands at $86,126. This figure represents the midpoint of all home sales in our area. It's important to note that this is not an indication of appreciation or depreciation but rather a snapshot of the market at this moment. If you're considering selling, this can provide you with a general idea of the current market value.

So, whether you're searching for your dream home or contemplating a sale, understanding the market is key. As a realtor with extensive knowledge of the Louisville Kentucky area, I'm here to guide you every step of the way. Reach out to me at Totally About Houses, and let's discuss how this market update can work for you.

Thank you for joining me today, and remember, when it comes to real estate, I'm Totally About Houses.