40217, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 Market Update 📊🏡

Hello buyers and sellers of Louisville, KY 40217! 🌟

As your dedicated REALTOR®, Monica Dunlap from Totally About Houses, I'm here to bring you the latest market trends for October 2023. 🗓️ Let's dive right into the data and help you make informed decisions. 💪

📈 Months Supply of Inventory: Currently, there's a favorable 2.49 months supply of inventory in our market. 🏘️ Over the last 12 months, we've seen a significant increase of +120.35% in this metric, indicating a healthy and active real estate market. 📈

💰 List to Sold Price Percentage: Sellers, you'll be pleased to know that the list to sold price percentage stands at an impressive 97.3%. 💲 This shows that properties are fetching close to their asking prices, ensuring a fair and profitable transaction for you. 💵

⌛ Median Days on Market: Buyers, act swiftly! The median days on market is a mere 9 days, meaning properties are selling quickly. ⏳ If you're in the market for a new home, don't hesitate to reach out so we can help you secure your dream property in this fast-paced market. 🏠

💲 Median Sold Price: The median sold price for homes in our area is currently $218,500. 💼 This figure gives you an idea of the overall price range and can guide your buying or selling decisions. Rest assured, we'll work together to ensure you get the most value for your investment. 💰

Whether you're a buyer or seller, now is an exciting time to navigate the Louisville, KY 40217 real estate market. 🎉 Count on me, Monica Dunlap, to provide you with personalized guidance and expertise throughout the process. 💼🔑

Reach out today and let's discuss your specific needs and how we can achieve your real estate goals together! 📞💼

#LouisvilleRealEstate #MarketTrends #MonicaDunlapRealtor #TotallyAboutHouses

Welcome back to Totally About Houses, your trusted source for all things real estate in Louisville Kentucky. I'm your dedicated realtor, and today I have an exciting market update to share with all the buyers and sellers out there.

As we dive into the latest data, let's take a closer look at the current state of the market here in Louisville.

First, let's talk about inventory. Currently, we have a two point forty nine Months Supply of Inventory in this area. And what's even more interesting is that over the last 12 months, the Months Supply of Inventory has seen a significant increase of one hundred twenty point thirty five percent. This means that buyers are finding more options to choose from, which is great news for those in the market for a new home.

Now, let's shift our focus to the List to Sold Price percentage. This is an important metric for sellers as it indicates how close they can expect their listing price to be to the final sold price. In our area, the List to Sold Price percentage stands at a strong 97.3%. This shows that sellers are receiving offers that are very close to their asking price, giving them confidence and peace of mind during the selling process.

Next, let's talk about the median days on market. Currently, properties in the area are spending an average of just 9 days on the market. This is an incredibly fast turnaround time, indicating a high demand for homes in this area. If you're a seller, this means that your property has the potential to attract interested buyers quickly.

Lastly, let's discuss the median sold price. In this area, the median sold price currently stands at $218,500. This demonstrates a healthy market where sellers are getting fair value for their homes, and buyers are finding affordable options within their desired price range.

That wraps up our market update for October 2023. Whether you're looking to buy or sell, these numbers indicate a promising market for both buyers and sellers in the area.

If you have any questions or would like more information about specific neighborhoods or properties, please don't hesitate to reach out to me. As your trusted realtor, I'm here to provide you with the expertise and guidance you need to make confident real estate decisions.

Thank you for joining me today. Remember, at Totally About Houses, we're committed to keeping you informed and engaged in the ever-changing world of real estate. Until next time, take care, and happy house hunting!