40216, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡 Attention Buyers and Sellers in Louisville, KY 40216! 📅

📊 Here are the latest Market Trends in October 2023, brought to you by Monica Dunlap, REALTOR® from Totally About Houses. 🏡

1️⃣ Inventory Update: Currently, there is only a 1.7 Months Supply of Inventory in our market. This means that the demand for homes is high, and there are fewer options available for buyers. 📈

2️⃣ Inventory Growth: Over the past 12 months, the Months Supply of Inventory has increased by 11.11%. This indicates that the market is becoming more balanced, providing buyers with more choices. 📉

3️⃣ Pricing Insight: The List to Sold Price percentage is an impressive 98.9%. This demonstrates that sellers in our area are receiving offers close to their asking price. 💰

4️⃣ Fast-paced Market: The median days on market is just 11 days, indicating that homes are selling quickly. If you're a seller, this means you can expect a swift transaction. If you're a buyer, it's essential to act fast when you find your dream home. ⏳

5️⃣ Median Sold Price: The median sold price in our area is $186,000. This figure helps you understand the average sales price of homes in Louisville, KY 40216. 💲

For a more in-depth analysis of the market or to discuss your specific real estate needs, feel free to reach out to me, Monica Dunlap, at Totally About Houses. I'm here to help you navigate the ever-changing real estate landscape with expertise and professionalism. 📞

#LouisvilleRealEstate #MarketUpdate #BuyersAndSellers #TotallyAboutHouses #MonicaDunlapRealtor

Welcome back to Totally About Houses! I'm your trusted realtor here in beautiful 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 is key to making informed decisions in today's real estate market.

Let's dive right in! Currently, we have a 1.7 Months Supply of Inventory in Louisville, which means there is a limited number of homes available for sale. However, it's important to note that over the last 12 months, we have seen a positive trend with an eleven point eleven percent increase in Months Supply of Inventory. This indicates a growing market and potential opportunities for both buyers and sellers.

Now, let's talk about the List to Sold Price percentage. It's an impressive 98.9%! This indicates that sellers in our market are consistently receiving a high percentage of their asking price. So, if you're thinking about selling your home, this is definitely a favorable environment to get the best return on your investment.

For those of you looking to buy, you'll be pleased to know that the median days on market is just 11 days. Yes, you heard that right! Homes are selling quickly in our area, making it a competitive market for buyers. So, if you find a home that meets your needs, don't hesitate to act swiftly.

Now, let's talk numbers! The median sold price in Louisville currently stands at $186,000. While this may vary depending on the specific neighborhood or property type, it gives you a good indication of the overall market value. It's always important to work with a trusted realtor who can provide you with the most accurate and up-to-date information for your specific needs.

As we wrap up this market update, I want to remind you that these numbers are just a snapshot of the current real estate landscape in Louisville. It's always crucial to dig deeper and understand the nuances of the market before making any decisions. That's where I come in! As a dedicated realtor with Totally About Houses, I am here to guide you through every step of the home buying or selling process.

Whether you're a buyer or seller, I would love to connect with you and discuss your specific needs and goals. Feel free to reach out to me at Totally About Houses, and together, we can navigate this exciting real estate market.

Thank you for tuning in to this market update. Don't forget to like, subscribe, and share this video with your friends and family who may also benefit from this information. Until next time, stay informed, stay engaged, and stay Totally About Houses!