The Current State of the Louisville Market

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Today, we’ll review numbers from September in the Louisville real estate market. September was a great, record-breaking month. We broke our record in August and then again in September. We’re very fortunate for all of your referrals, as they have played a big role in our recent success!

There were 6,044 homes on the market in September, compared to last year’s 7,400. The number of houses on the market is still low for us today and this is great. The absorption rate is at 4.56%, compared to last September’s 6%.

The average sale price is about the same. As of September, it’s $184,000. It was only $1,000 less this time last year. The average days on the market decreased. September’s average was 69 total days. Last year’s average was 84 days. The average number of houses sold was just under 1,500. Last year, we only sold 1,241 total houses. This is a good improvement.

Let’s talk about rates. Interest rates are at approximately four percent for a thirty-year fixed mortgage. The interest rates were a little more this time last year. Undoubtedly, it’s a great time to buy and sell.

This week's quote is: “You know you’re staying in a nice hotel when the towels are so thick, you can barely fit them in your suitcase,” by Yogi Barra.

Send me some quotes and I just might share them on a future post! Thanks for your referrals - we appreciate your continued support. If you have any real estate questions or concerns, feel free to reach out to us. We would love to hear from you!

Louisville Real Estate Market Update

Buying a Louisville home? Get a full home search, 

 Selling your Louisville home? Get a free Home Value Report 

Today, I want to give you a market review for August of 2015. August was another very good month for the real estate market, so let's get right to the numbers.

In August, we had 5,920 active listings on the market. 5,920 might seem like a lot of inventory, but it's 1,500 less than 2014. This low inventory creates a seller's market.

Right now, we're at a 4.49 month absorption rate, as opposed to last August, where the absorption rate was over 6 months. Here are a few other pertinent numbers:

• The average sales price was over $200,000 compared to $193,000 in 2014.
• The average number of days on market for a home was 75 days. Homes are selling quicker, as last year the average was 85 days.
• In August of 2014, 1,538 homes sold last year, which is a slight increase from 1,524.
• Interest rates are still historically low, hovering around 4.3%.

That's our market update. Although we are in a seller's market, the low interest rates make now a great time to buy a home. And now, here's the quote:

"There is either do or don't. There is no try." -Yoda, Star Wars

As always, if you have any questions, give me a call or send me an email. We look forward to hearing from you!

Full-Time ISA Needed! Minimum 40k per year!

Buying a Louisville home? Get a full home search, 

 Selling your Louisville home? Get a free Home Value Report 

Today, I need your help. We are looking for an ISA/Lead Manager for our company.

An ISA is an inside sales associate who will spend their day calling buyers and sellers and managing our leads. We get a lot of leads, sometimes over 1,000 a month, so this is a very important position in our company.

This is a full-time position with a guaranteed salary. We offer bonuses, and you'll have a set work schedule, paid vacation, and sick days.

We're looking for someone who is honest, hardworking, organized and goal-oriented. Sales experience is important; you don't necessarily need experience with phone sales, but sales experience is crucial. You also have to be comfortable with being on the phone for about 80% or 90% of the day. Real estate experience is not required, but it is a plus.

If you're interested, please send your resume to John Hopesinger at JohnH@JPPirtle.com, or call John at (502) 458-2722. Make sure to follow up - that's a required skill for ISAs! We look forward to hearing from you!