40215, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 #MarketUpdate 📊🏡

🗓️ October 2023 📍 Louisville, KY 40215

📈 Exciting news for home buyers and sellers in Louisville! Let's dive into the latest market trends and insights provided by RPR's Market Trends data. 📊

📉 Months Supply of Inventory:

Currently, there is a tight inventory in our market with only 2.6 months supply available. This indicates a high demand for homes and a competitive market for sellers. Over the past 12 months, the Months Supply of Inventory has surged by an impressive +88.41%. 📈

💰 List to Sold Price Percentage:

Great news for sellers! The List to Sold Price percentage stands at an impressive 99.7%. This means that, on average, homes are selling at almost the full asking price. 💲💯

⏳ Median Days on Market:

Buyers, act fast! Homes in Louisville are flying off the market with a median of just 11 days. This indicates a highly active market and the need for prompt decision-making. ⌛️

💲 Median Sold Price:

The median sold price for homes in Louisville currently stands at $135,000. This provides a solid benchmark for both buyers and sellers in understanding the market value of properties. 💵

📊 As a REALTOR® with Totally About Houses, I'm here to guide you through every step of the buying or selling process. Whether you're looking to make a move or simply stay informed, don't hesitate to reach out to discuss how these market trends may impact your real estate goals. 📞

#LouisvilleRealEstate #MarketTrends #BuyingAHouse #SellingAHouse

Welcome back to Totally About Houses! I'm your trusted realtor, and today I have some exciting market updates for all you buyers and sellers out there in beautiful Louisville Kentucky.

Let's dive right in, shall we? As of October 2023, our current market has a total of 2.6 months' supply of inventory. Now, what does that mean for you? Well, it indicates that the demand for homes in Louisville is strong, and the available inventory is moving quickly. So, if you're a seller, this is great news! Your property has a higher chance of getting sold in a timely manner.

Speaking of inventory, over the past year, we've seen a significant increase of eighty eight point forty one in the Months Supply of Inventory. What does this mean? It means that more properties have become available in the market, providing buyers with more options to choose from. So, buyers, now is a great time to explore your options and find the perfect home that suits your needs.

Now, let's talk about pricing. The List to Sold Price percentage currently stands at an impressive 99.7%. This indicates that homes in Louisville are selling extremely close to their listing price, which is fantastic for both buyers and sellers. Sellers, this means that you have a good chance of receiving a fair offer for your property. Buyers, it's a clear sign that the market is stable and offers reasonable pricing.

Time is of the essence, especially in the real estate market. And here in Louisville, properties are flying off the market! The median days on market is just 11 days. That's right, homes are selling in less than two weeks on average. So, if you're a buyer, be prepared to act fast when you find a property you love. And sellers, take advantage of this rapid turnover to sell your home quickly.

Finally, let's talk about the numbers that matter to both buyers and sellers, the median sold price. Currently, the median sold price in Louisville stands at $135,000. This gives you a benchmark to understand the market value of properties in our city. Buyers, you can use this information to gauge if a listing is within your budget. And sellers, this is a great indicator of what you can expect when selling your home.

And that wraps up our market update for October 2023! I hope you found these insights helpful and informative. Remember, whether you're buying or selling, I'm here to guide you through every step of the process. If you have any questions or need assistance, don't hesitate to reach out to me at Totally About Houses. Until next time, take care and happy house hunting!