40241, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 Market Update for Louisville, KY 40241 📊🏡

🗓️ October 2023 🗓️

✨ Hello Buyers and Sellers! It's Monica Dunlap, REALTOR® from Totally About Houses, here to bring you the latest market trends in Louisville, KY 40241. Let's dive right in! ✨

1️⃣ In October 2023, we currently have a 1.06 Months Supply of Inventory. This means that if no new homes were listed, it would take just over a month to sell all the existing homes on the market. 

📉 Over the last 12 months, Months Supply of Inventory has decreased by 5.36%. This indicates a higher demand for homes in our area, which could potentially benefit sellers looking to list their properties. 

2️⃣ The List to Sold Price percentage stands at an impressive 98.8%. This means that, on average, homes are selling very close to their listing prices. Sellers can expect to receive a strong return on their investment in this market.

3️⃣ Looking at the median days on market, we see that homes are selling quickly in Louisville, KY 40241. The median days on market is just 8 days, indicating a competitive and active market. Buyers should be prepared to act swiftly when they find their dream home.

💰 Lastly, the median sold price in our area is $410,000. This figure provides an insight into the overall value of homes in Louisville, KY 40241. Sellers can expect a competitive market, while buyers can find a range of options at various price points.

🔍 Whether you're thinking of buying or selling, these market trends can help guide your decision-making process. Reach out to me, Monica Dunlap, at Totally About Houses, to discuss how these trends may specifically impact your real estate goals. 📞

#LouisvilleRealEstate #MarketTrends #HomeBuying #HomeSelling #LouisvilleKY40241 #TotallyAboutHouses

Welcome back to Totally About Houses! I'm your trusted realtor here in Louisville Kentucky. Today, I am thrilled to bring you an exciting market update for October 2023.

Before we dive into the numbers, I want to thank all of you, our incredible buyers and sellers, for your continued trust and support. It's truly an honor to serve you in the world of real estate.

Alright, let's get down to business. In our local market, we currently have a one point zero six Months Supply of Inventory. That means if no new homes were added to the market, it would take just over a month to sell every existing home. This indicates a highly competitive and fast-paced market.

Looking at the past year, we've seen a significant decrease in the Months Supply of Inventory, with a remarkable negative five point four percent change. This downward trend suggests a growing demand for homes in our area.

Now, let's talk about the List to Sold Price percentage. Sellers, you'll be delighted to know that homes in our market have been selling at an impressive ninety eight point eight percent of the listing price. This demonstrates that our expert pricing strategies are helping sellers maximize their returns.

Time is of the essence in this market. The median days on market for homes is just 8 days. That's right, 8 days! So, if you're a buyer, it's crucial to act swiftly and have your financing in order to secure the home of your dreams.

And finally, the moment you've all been waiting for – the Median Sold Price. It currently stands at an impressive $410,000. This figure reflects the value and desirability of homes in our area.

Now, whether you're looking to buy or sell, it's important to have a knowledgeable and experienced realtor by your side. And that's where I come in. At Totally About Houses, we are committed to providing exceptional service and delivering outstanding results for our clients.

Thank you for joining me today for this market update. If you have any questions or if you're ready to embark on your real estate journey, please don't hesitate to reach out. I'm your dedicated realtor at Totally About Houses, and I'm here to help you make the most of the opportunities in our vibrant Louisville market.