40222, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

📈 Louisville Real Estate Market Update 📉

🏡 Monica Dunlap, REALTOR® with Totally About Houses, presents the latest market trends in Louisville, KY for October 2023. 🏡

🔹 Median Sold Price: $371,000

The median sold price for homes in our city stands at $371,000. This figure highlights the strong demand and value that properties in Louisville offer. Whether you're buying or selling, this information can provide valuable insights.

🔹 List to Sold Price Percentage: 96.7%

Sellers are achieving great results in our market, with a list to sold price percentage of 96.7%. This means that sellers are typically receiving offers close to their asking price. If you're considering selling, now might be the perfect time to maximize your return on investment.

🔹 Median Days on Market: 6

With a median of just 6 days on the market, properties in Louisville are selling quickly. This indicates a high demand and competitive market. Buyers should be prepared to act fast and work closely with a REALTOR® to secure their dream home.

🔹 Months Supply of Inventory: 1.78

Currently, our market has a low inventory with only 1.78 months supply available. Over the last 12 months, the months supply of inventory has increased by +71.15%. These figures suggest that buyers may face some competition, but it's also a great opportunity for sellers to attract motivated buyers.

Stay tuned for more updates on our thriving real estate market! If you have any questions or need assistance navigating the Louisville real estate market, feel free to reach out to me. #LouisvilleRealEstate #MarketTrends #RealEstateUpdates

Good day, ladies and gentlemen, and welcome back to Totally About Houses! I'm your trusted realtor here in beautiful Louisville Kentucky. Today, I want to bring you an exciting market update for the month of October 2023. So whether you're a buyer or a seller, this video is packed with valuable information just for you. Let's dive right in!

Now, before we begin, let me remind you to hit that subscribe button and tap the bell icon to stay up to date with the latest real estate trends and insights. Alright, let's get started.

First up, let's talk about the current supply of inventory in our Louisville market. As of October 2023, we have one point seventy eight months' supply of inventory. Now, what does this mean for you? Well, it indicates that the market is still favoring sellers, creating a competitive environment. Buyers, take note of this! It's crucial to act swiftly and be prepared with a strong offer when you find the home of your dreams.

Now, let's take a look at the trend over the past 12 months. We've seen a significant increase of seventy one point fifteen percent in the Months Supply of Inventory. This suggests a slight shift towards a more balanced market, providing buyers with a bit more breathing room. Sellers, it's essential to set realistic expectations and work closely with your realtor to ensure your listing stands out in this changing landscape.

Moving on, let's discuss the List to Sold Price percentage. In our current market, sellers are typically receiving 96.7% of their listing price. Now, this indicates that negotiations are still happening, but buyers should be prepared to make competitive offers. A skilled realtor can assist you in navigating these negotiations to ensure you're getting the best deal possible.

Time is of the essence! The median days on market remain incredibly low at just 6 days. Yes, you heard that right! Homes are flying off the market, and buyers need to be ready to act swiftly. If you're a seller, this is undoubtedly an advantage in attracting potential buyers quickly. However, ensure your home is properly priced and well-presented to maximize your chances of a quick sale.

Last but certainly not least, let's talk about the median sold price in our market. As of October 2023, the median sold price stands at $371,000. This represents a solid investment opportunity for sellers looking to capitalize on their property's value. Buyers, while prices may seem high, working with a knowledgeable realtor can help you find the perfect home within your budget.

And that wraps up our market update for October 2023. If you have any questions or would like further information about buying or selling in Louisville, remember, I'm just a phone call away. You can reach me at Totally About Houses, your trusted real estate partner

Thank you for joining me today, and I look forward to assisting you with all your real estate needs. Stay tuned for more exciting updates and tips from Totally About Houses. Until next time, take care and happy house hunting!