40242, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 Hey Louisville! It's Monica Dunlap, your trusted REALTOR® from Totally About Houses. Time for some market trend updates! 📈 Let's dive in and see what's happening in our city. #LouisvilleRealEstate

📆 It's October 2023, and here are some key stats for you buyers and sellers out there:

📌 Inventory Update: We currently have a low 1.41 Months Supply of Inventory. But hold on! Over the last 12 months, the supply has increased by an impressive +113.64%! 📈 So, there's still a chance to find your dream home in this competitive market. Let's work together to make it happen!

🏷️ Pricing Insights: The List to Sold Price percentage is at a strong 98.7%! 💰 This means sellers are getting close to their asking price, making it a great time to sell. And for all you buyers, fear not! With my expertise, we can navigate negotiations to get you the best deal possible. 🤝

⌛ Time on the Market: Homes are not sticking around for long! The median days on market is just 7 days. That's right, properties are moving at lightning speed! ⚡️ So, if you're looking to sell, now is the time to capitalize on this swift market pace.

💰💼 Median Sold Price Update: The median sold price stands at a solid $215,000. 💵 This reflects the value and demand in our thriving Louisville real estate market. Whether you're buying or selling, I'm here to ensure you make the most of your investment.

📣 Remember, these numbers provide a snapshot of the current market trends. Connect with me to discuss your specific needs and explore personalized options. Let's navigate this dynamic market together and achieve your real estate goals! 💪🏠 #MarketTrends #LouisvilleLiving #TotallyAboutHouses

Hey there folks! Welcome back to Totally About Houses. Today, I've got an exciting market update for all you buyers and sellers in beautiful Louisville Kentucky. So, sit back, relax, and let's jump right into it!

Now, if you've been eyeing the Louisville real estate market lately, you'll be thrilled to know that it's been quite a wild ride. Let's start with the numbers, shall we?

As of October 2023, we currently have a one point forty one months supply of inventory. What does that mean, you ask? Well, it means that if no more homes were listed, we would run out of available properties in just over a month! Talk about a competitive market, right?

But hold on tight, because here's where it gets interesting. Over the last 12 months, the Months Supply of Inventory has skyrocketed by one hundred thirteen point sixty four percent! We've seen quite a shift in the availability of homes, giving you more options to choose from.

Now, let's talk about the List to Sold Price percentage. Brace yourselves, because it's an impressive 98.7%! That means, on average, homes in Louisville are selling for almost the full asking price. So, sellers, rejoice! It's a great time to get top dollar for your property.

And buyers, don't fret. While sellers are enjoying the high demand, you're not out of luck. The median days on market is a mere 7 days! Yes, you heard that right. Homes are flying off the market faster than you can say "Louisville Slugger."

Now, let's get to one of the most exciting aspects, the median sold price. The median sold price in our lovely city is currently sitting at $215,000. That's a great value for the quality of life and amenities that Louisville has to offer!

So, whether you're a buyer looking for your dream home or a seller eager to cash in on this hot market, there's never been a better time to jump into the Louisville real estate scene. And guess what? I'm here to guide you every step of the way!

Thanks for tuning in, everyone! If you have any questions or need personalized advice, don't hesitate to reach out. Remember, when it comes to real estate, I'm totally about houses. Until next time, take care and happy house hunting!