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Today, I want to give you a quick update of where the Louisville real estate market is heading!
Right now, there are 5,296 active listings, which is quite low considering we had 6,271 homes on the market this time last year. The absorption rate is only about 4.3 months of inventory, which means the market is very favorable for sellers!
What does all of this information mean for
you? Well, broadly, it means our market is still growing! Conditions continue to improve in the Louisville area, which is great news for buyers and sellers alike. If you have any questions about how you can take advantage of these conditions, give us a call. We would love to hear from you!
Right now, there are 5,296 active listings, which is quite low considering we had 6,271 homes on the market this time last year. The absorption rate is only about 4.3 months of inventory, which means the market is very favorable for sellers!
- The average sale price is about $186,500 - last year, it was only it was only $165,700.
- The average days on market has also improved, as homes are selling in 107 days as opposed to 121 days last year.
- We sold 1,163 homes this March, while last year we only sold about 1,049!
- Even better: interest rates are still as low as 3.5% for a 30-year fixed mortgage with no closing costs.
What does all of this information mean for
you? Well, broadly, it means our market is still growing! Conditions continue to improve in the Louisville area, which is great news for buyers and sellers alike. If you have any questions about how you can take advantage of these conditions, give us a call. We would love to hear from you! 
The absorption rate is only about 4.3 months of inventory, which means the market is very favorable for sellers! maine mobile homes for sale
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