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The summer is nearly over in Louisville, now is a great time to go over some of the latest numbers. We are going to take a look at our current numbers, comparing them to the figures we saw at the same time last year.
Here’s what we have been seeing.
- Right now we have about 6,000 homes on the market, the highest figure we have seen all year.
- Our absorption rate is steady at 4.65 months, down from 6 months at this time last year.
- The average sales price has risen, from $191,000 in 2014 to $193,000 now.
- The average days on market for a home has dropped dramatically, from 90 days to 70 days this year.
- As for the number of homes sold, that has increased too. Last year we sold 1,500, this year the figure is 1,750. Keep in mind that these numbers are for the entire Louisville MLS, not just our team (although we wish it were!).
- Current interest rates still sit at historically low levels, right now the average is around 4.65%.
Now for the quote of the month: “People will see your power when you believe you have it.”
I love that quote and I love quotes in general. If you have a quote you love too, send it my way. If you have any other questions, feel free to send us an email or give us a quick call. We’d love to help out!
