40218, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

šŸ  Louisville Market Update šŸ“ˆ

Attention Buyers and Sellers! šŸ—£ļø Here's your latest market update for October 2023 from Monica Dunlap, REALTORĀ® with Totally About Houses:

šŸ“† Date: October 2023

šŸ“ City: Louisville, KY 40218

šŸ“Š Market Trends:

šŸ“ˆ Currently, there is a low 1.28 Months Supply of Inventory, indicating a competitive market. However, over the last 12 months, the Months Supply of Inventory has decreased by 3.03%, which suggests a tightening market.

šŸ’° List to Sold Price:

šŸ’² Sellers, take note! The List to Sold Price percentage is at an impressive 99%, indicating that homes are often selling very close to the listing price. This highlights the value and strong demand in the Louisville market.

ā³ Median Days on Market:

āŒ›ļø Homes in Louisville are moving quickly, with a median of just 13 days on the market. This signifies a fast-paced market where properly priced and desirable properties are finding buyers swiftly.

šŸ’² Median Sold Price:

šŸ’µ The Median Sold Price in Louisville stands at $198,000. This data point gives you an idea of the overall price range for homes sold in the area, providing valuable insights for both buyers and sellers.

For personalized guidance and assistance with your real estate needs, reach out to Monica Dunlap, REALTORĀ® with Totally About Houses. šŸ“žšŸ”

Stay informed and make well-informed decisions in this dynamic market. We're here to help you every step of the way! šŸ’Ŗ

#LouisvilleRealEstate #MarketUpdate #RealEstateTrends #MonicaDunlapRealtor #TotallyAboutHouses

Hello everyone, and welcome back to Totally About Houses! I'm your trusted realtor here in Louisville Kentucky. Today, I have an exciting market update for all the buyers and sellers out there. So, let's dive right in!

As of October 2023, we currently have a one point twenty eight Months Supply of Inventory in the Louisville area. This means that if no new listings were added, it would take just over a month to sell all the houses on the market. But wait, there's more!

Over the past year, we have seen a fascinating trend in the Months Supply of Inventory. It has decreased by three point zero three percent. This decrease signifies a rising demand for homes, making it an opportune time for sellers to enter the market.

Now, let's talk about the List to Sold Price percentage. In our current market, sellers are achieving an impressive 99% of their asking price. This shows that buyers are willing to pay close to the listed price, highlighting the competitiveness in our local real estate market.

If you're wondering how long it takes to sell a house in Louisville, the median days on market is just 13 days. Yes, you heard that right! Homes are flying off the market, which is fantastic news for sellers looking for a quick sale.

Lastly, let's discuss the Median Sold Price. In October 2023, the median sold price in Louisville is $198,000. This indicates a stable and healthy real estate market, providing buyers and sellers with confidence in their investments.

That wraps up our market update for today! Whether you're a buyer or a seller, these statistics can help you make informed decisions in this dynamic real estate landscape. If you have any questions or would like to explore your options further, feel free to reach out to me at Totally About Houses.

Thank you for watching, and remember, at Totally About Houses, we're here to guide you through every step of your real estate journey. Stay tuned for more updates, tips, and insights. Until next time, take care, and happy house hunting!