Louisville Real Estate Market Update

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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!

How Has the Louisville Market Been Improving?

Buying a Louisville home? Get a full home search, 

 Selling your Louisville home? Get a free Home Value Report 

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!