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I'm here today to provide you with a brief real estate market update for the Louisville area in April of 2015. Hopefully, you can use this information to your advantage when you're buying or selling this year.
- There are approximately 5,500 homes on the market, compared to 6,600 we had last year
- Absorption rate is currently 4.46 months
- Average sales price is $195,000, which is up by almost $25,000 this year
- Our average days on market is sitting at 107, which is similar to last year
- 1,356 homes sold in April
- Interest rates are sitting at 3.65%, so it is a very, very good time to buy a home
Overall, we're in a seller's market with low inventory, so it's a great time to sell your home for top dollar. However, it's also a good time to buy a home because interest rates are incredibly low and this is going to significantly increase your buying power.
If there is anything else I can do to help you, please don't hesitate to contact me!
