40243, JEFFERSON COUNTY,  KENTUCKY - Real Estate Market Update November 2023 - Presented by Totally About Houses

🏡📊 Market Update 📊🏡

📈 Discover the latest market trends in Louisville, KY! Here's what you need to know:

1️⃣ Months Supply of Inventory: Currently, there are 1.41 months supply of inventory in Louisville. This indicates a highly competitive market where demand outweighs supply. 🏢💼

2️⃣ Months Supply of Inventory Growth: Over the last 12 months, the Months Supply of Inventory has seen a significant increase of +90.54%. This shows a surge in new listings, offering more options to potential buyers. 📈🏡

3️⃣ List to Sold Price Percentage: Sellers, rejoice! The list to sold price percentage is at an impressive 98.5%. This means homes are selling at a price close to their listing price, highlighting the strong demand and favorable conditions for sellers. 💰💪

4️⃣ Median Days on Market: Homes in Louisville are selling quickly! The median days on market is just 8 days. This indicates a fast-paced market where buyers need to act swiftly to secure their dream home. 🏃‍♂️⏳

5️⃣ Median Sold Price: The median sold price in Louisville currently stands at $385,000. This showcases the overall strength and value of the local real estate market. 💼💰

💼 Whether you're looking to buy or sell, these market trends indicate an exciting and dynamic real estate landscape in Louisville. As your trusted REALTOR®, I'm here to guide you through this ever-changing market. Reach out to me today to discuss your real estate goals! 📞🏡

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


As of October 2023, the real estate market in zip code 40243 is buzzing with activity. Currently, we have a very low inventory with only one point forty one months of supply available. This means that if no new properties come on the market, it would take just a little over a month to sell all the existing homes. 

But that's not all! Over the past 12 months, we have seen a significant increase in the Months Supply of Inventory, with a whopping ninety point fifty four percent growth. This surge in inventory is great news for buyers, as it provides them with more options and potentially more negotiating power.

Now, let's talk about List to Sold Price percentage. In our current market, sellers are getting an impressive 98.5% of their asking price. This indicates that homes are priced accurately and competitively, resulting in successful sales for our clients. Sellers can feel confident knowing that their properties are being valued correctly, maximizing their return on investment.

Time is of the essence in the real estate world, and in Louisville, homes are not staying on the market for long. The median days on market is only 8 days! Yes, you heard it right, just 8 days on average. This quick turnaround time highlights the high demand for homes in our area. Buyers need to act fast and be prepared to make competitive offers to secure their dream home.

Lastly, let's talk about the median sold price. Currently, the median sold price stands at $385,000. This signifies a healthy and stable market, where properties are holding their value. Whether you are buying or selling, this solid median sold price assures you that you are making a sound investment.

In conclusion, the real estate market in zip code 40243 is dynamic and bustling with activity. With low inventory, high List to Sold Price percentage, minimal days on market, and a strong median sold price, it's an exciting time for both buyers and sellers.

If you're looking to buy or sell a property in this area, I would be thrilled to assist you. Please reach out to me at Totally About Houses, where I am dedicated to providing exceptional service and making your real estate journey a smooth and successful one.

Thank you for watching, and be sure to hit that subscribe button and turn on the notification bell, so you never miss an update from Totally About Houses. Until next time, happy house hunting!