Home sales and home values are both up in our market. Does that mean good or bad news?
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How did our market do last August compared to August 2016?
I know I sound like a broken record, but our market keeps going strong and everything looks great—including interest rates. Let’s take a look at how the numbers stack up between then and now:
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Our market keeps going strong and everything looks great—including interest rates.
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- The number of homes sold rose from 1,697 to 1,856.
- The average sale price rose from $207,000 to $211,000.
- The average days on market dropped from 61 to 51 days.
- The absorption rate declined from 3.59 months to 2.91 months.
- The number of active listings dropped from 5,136 to 4,415.
Finally, according to Statewide mortgage, interest rates are hovering slightly below 4%, with an APR of about 4.058%.
Now, for my quote of the day:
“Always travel the extra mile. It’s never crowded.” —Dr. Wayne W. Dyer
If you have any questions or are thinking of buying or selling a home in our Louisville market, don’t hesitate to reach out to me. I’d be happy to help you.
