40219, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

πŸ‘πŸ“Š Attention Louisville buyers and sellers! πŸ“ŠπŸ‘

πŸ“ˆ Let's talk numbers! Here's the latest market trends data for our beloved Louisville, KY 40219:

πŸ“‰ Inventory Update: Currently, we have a low 1.58 Months Supply of Inventory. But don't fret! Over the last 12 months, the Months Supply of Inventory has increased by a promising 58%. πŸ“ˆ This means more options for buyers and a competitive market for sellers!

πŸ’° Pricing Insight: The List to Sold Price percentage is an impressive 98.9%. πŸ’΅ This indicates that sellers are getting great value for their homes, while buyers are still finding opportunities to negotiate.

βŒ› Quick Sales: The median days on market is just 7! ⏰ This means properties are being snatched up quickly, so it's important to act promptly and make the most of this dynamic market.

πŸ’² Median Sold Price: The median sold price currently stands at $204,750. πŸ“‰ This reflects the value and potential for growth in our local real estate market.

🌟 Whether you're looking to buy or sell, now is a great time to take advantage of the exciting opportunities in Louisville, KY 40219! 🌟

πŸ”‘ Reach out to Monica Dunlap at Totally About Houses to discuss your real estate goals and make the most of these market trends. πŸ“žπŸ—οΈ

#LouisvilleRealEstate #MarketTrends #BuyersAndSellers #TotallyAboutHouses

Hey everyone! Welcome back to Totally About Houses, your go-to channel for all things real estate in the beautiful city of Louisville Kentucky.

Today, I've got an exciting market update for you, packed with all the latest stats and trends that you need to know. So whether you're looking to buy or sell, this video is definitely for you!

Let's dive right into the numbers, shall we? As of October 2023, we currently have one point fifty eight Months Supply of Inventory in Louisville Kentucky. Now, what does this mean for you? Well, it simply indicates the number of months it would take to sell all the homes on the market if no new listings were added. It's an important indicator of market activity, and right now, we're seeing a slight increase of 58% in the Months Supply of Inventory compared to the last 12 months.

Now, let's talk about something that every seller is curious about,   the List to Sold Price percentage. This figure tells us how close the final selling price is to the original listing price. And guess what? In our current market, sellers are getting a fantastic 98.9% of their asking price! That's great news if you're considering putting your home on the market.

And for all you eager buyers out there, listen up! The median days on market is a mere 7 days. Yes, you heard that right! Homes are selling like hotcakes, and if you're in the market for a new place, you'll need to be on your toes. But don't worry, with my expertise and guidance, we can find you the perfect home in no time.

Now, let's talk about the median sold price, which currently stands at $204,750. This figure represents the middle point of all the homes sold in our area. It's important to keep in mind that this number can fluctuate based on various factors, such as location, size, and condition of the property. But it's definitely a helpful benchmark when it comes to understanding the market value of homes in Louisville.

So, whether you're a buyer or a seller, it's clear that the real estate market in Louisville Kentucky is thriving right now. With a healthy supply of inventory, strong list to sold price percentage, quick sales, and a competitive median sold price, it's an opportune time to make your move.

If you're ready to take the next step, I'd be honored to be your trusted guide throughout the entire real estate journey. Reach out to me at Totally About Houses, and together, we'll turn your dreams into reality.

Thanks for watching, everyone! Don't forget to like, subscribe, and hit that notification bell to stay updated with all the latest real estate news and tips. Take care and happy house hunting!