Your June 2019 Market Comparison

Today on “JP Pirtle TV,” we’ll compare the market from June 2019 to that of June 2018.

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Before I begin today’s topic, I want to make an announcement: We are now opening a brand-new office out in Mount Washington on Highway 44. We’re very excited about expanding our business and being able to serve more people in Bullitt, Odom, Nelson, Larue, Marion, and Hardin. Thank you all for your referrals and your business that has allowed us this growth.

Now, back to our topic: How does the market from June 2019 compare to that of June 2018? Let’s take a look.

• In 2019, we sold about 1,730 homes, whereas in 2018, we sold 1,751.
• The average sales price in June this year was $245,000, compared to the average of $234,000 in June 2018.
• The average days on market this year was 50 days, whereas it was 53 days last year.
• The absorption rate for this June was 2.76 months, and in June 2018, it was 2.7 months.
• This year, there were 4,074 active listings, which is a step down from last year’s 4,116 active listings.
• Our interest rates are currently hovering around 4%, which is a reduction from last year’s 4.5% rates. (These interest rates are compliments of Statewide Mortgage, a great company for all your refinancing needs)

If you have any questions about the numbers from our market or what they mean for your real estate goals, feel free to reach out to me. I’d love to hear from you!

As a final note, I’ll leave you with my quote of the month from Big Willie: “Your attitude will always determine your altitude.”

The 2 Options We Offer Our Sellers

Our team doesn’t just help sellers list on the open market. We also buy homes outright.

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Whenever our team works with a seller, we always give them two options: They can either put their property on the market, or we can purchase it from them outright for cash. We recently worked with a seller who chose the latter, and they couldn’t have been happier with the results. In fact, we were able to offer more money than they were probably expecting. We can offer you this same convenient experience, too. Or, of course, we can always help you list on the open market, as well. If you’d like to learn more or if you have any other questions, feel free to give us a call or send us an email. We look forward to hearing from you soon.

It’s a Great Time to Be a Seller

Today I’d like to tell you a story that demonstrates how excellent of a time it is to be a seller in our market.

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We’re coming to you today from a great home here on Duker Street. This property has an awesome story behind it that we’d like to share with you today.

The owner of the property was a really nice lady who once gave us a call because she needed help: She didn’t know if she wanted to list the house on the market or sell it outright. Of course, the Dream J.P. Pirtle Realtors team always offers our sellers both options.

“

Right now is a great time to sell your home.

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In the end, she didn’t want to list the home, so we ended up buying it from her. We were actually able to give her a lot more for it than she had even asked for in the first place, which made her very happy. This Duker Street home is in a great area right across from a school, and (even in the video above) you can even hear how happy the children here are. We may decide to rent it out, but that decision isn’t final. If you’d like to learn more about it, feel free to contact us!

The moral of this story is that right now is a great time to sell your home—our spring inventory is very low, which means your home is in high demand, and interest rates are still historically low as well, meaning you’ll probably get more money for your home this year than you would have in any of the previous 10 years. The market is hot.

If you need advice about selling your home or would like us to do a no-obligation, free comparative market analysis to help you find out what your home would be worth, reach out to us. We can either help you list your home on the market or make you an offer for it ourselves. I hope to hear from you soon!