40213, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 Market Update 📊🏡

🗓️ October 2023 📍 Louisville, KY 40213

Attention buyers and sellers! 📣 Allow me, Monica Dunlap, REALTOR® from Totally About Houses, to provide you with the latest market trends in our beloved city. 🏘️💼

Did you know that currently, there is only a 1.8 Months Supply of Inventory? 📈 Over the last 12 months, the Months Supply of Inventory has increased by an impressive +157.14%! ⏳ This indicates a growing demand for homes in our area, making it an opportune time to enter the market. 🌟

Furthermore, the List to Sold Price percentage is a remarkable 97.3%! 💰 This means that sellers are receiving an average of 97.3% of their asking price when their homes are sold. 🏠 Sellers, you can trust that your investment is in good hands when working with me and my team. 💼

If you're wondering how long it takes for a property to sell, the median days on market is just 3 days! ⏰ This rapid turnover showcases the high demand and competitive nature of our real estate market. 🌆

Lastly, the median sold price in our area stands at $185,000. 💲 This figure represents the midpoint of all homes sold in the past year, giving you an idea of the current market value. 📈

Whether you're considering buying or selling, understanding these market trends is crucial. 📊🔍 Reach out to me, Monica Dunlap, your trusted REALTOR®, and together we'll navigate this dynamic market with confidence! 🤝💼

#MarketUpdate #RealEstateTrends #LouisvilleKY #TotallyAboutHouses #MonicaDunlapRealtor

Hello everyone, and welcome back to Totally About Houses! I'm your trusted realtor here in Louisville Kentucky. Today, I'm excited to bring you the latest market update for October 2023. Whether you're a buyer or seller, this information will be invaluable to you.

Let's dive right into the numbers. Currently, we have a very dynamic market with just 1.8 months supply of inventory. Over the past year, we have seen a significant increase of one hundred fifty seven point fourteen in the months supply of inventory. This means that while demand remains high, the housing supply has also grown, offering more options for buyers."

Now, let's talk about a crucial factor for sellers, the list to sold price percentage. In our market, sellers are achieving an impressive 97.3% of their list price. This indicates a strong seller's market, where homes are being priced accurately and buyers are willing to pay close to the listed price.

When it comes to the time it takes to sell a home, the median days on market in our area is just 3 days. Yes, you heard that right, 3 days! This is an incredibly fast-paced market, where well-priced homes are receiving immediate attention and often multiple offers.

Now, let's discuss the median sold price, which currently stands at $185,000. This figure represents the midpoint of home prices in our local market. It's important to note that this is a snapshot of the overall market, and prices can vary depending on location, condition, and other factors.

As we can see, the real estate market in Louisville is thriving and continues to be highly competitive for both buyers and sellers. If you're a seller, now is an excellent time to list your home and take advantage of the strong demand. And if you're a buyer, don't be discouraged by the low inventory – with the right guidance, you can still find your dream home."

If you have any questions or would like personalized advice based on your specific situation, please don't hesitate to reach out to me. I'm here to help you navigate the ever-changing real estate landscape and achieve your goals.

Thank you for watching this market update. Remember to subscribe to our channel for more valuable insights and tips on all things real estate. Until next time, wishing you a wonderful day and happy house hunting!"