Why Should You Consider Our Team?

Our team is growing and we are looking to add some new agents. By working with our team, you will have a lot of things going in your favor.

Buying a Louisville home? Get a full Home Search 

Selling your Louisville home? Get a free Home Value Report

We have great news to share today. Our team has had a wonderful year so far and we’ve been growing tremendously. We want to thank everyone who has helped us grow to this point and also announce the addition of our newest real estate office, right down the street from our current one.

Our new office is at 8225 Shelbyville Road, and we want to fill it up with team members and independent agents alike. We need your help to do this. Why would someone choose to work on our team?

We spend hundreds of thousands of dollars per year on advertising and marketing to create name and brand recognition. When you’re with Dream JP Pirtle Realtors, that brand recognition will help you out a ton in this area.

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We provide our agents with guaranteed leads.

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One thing we provide our agents with is guaranteed leads. We get up to 1,000 leads a month, so we need agents who want to work hard to get these leads served and make an unlimited amount of money. Some other advantages to working with our team include:

• A full-time trainer whose job is to help all our agents perform their very best
• A full-time administrative staff, listing manager, marketing manager, ISA, and more
• No royalty fees, monthly fees, desk fees, or sign fees
• Aggressive commission splits
• Very low caps

If you or someone you know is interested in learning more about our team or a career in real estate, contact John Holtzinger at johnh@jppirtle.com or by phone at 502-458-2722. We look forward to hearing from you soon.

What’s Happening in the Louisville Market?

We’ve seen a lot of changes to our market in just one year. Inventory is down, sale prices are up, and interest rates remain low.

Buying a Louisville home? Get a full Home Search 

Selling your Louisville home? Get a free Home Value Report

This September has been a hot month in terms of temperature. It has also been a hot month for our real estate market. We’ve got an update for you today that compares where we were at last September compared to where we are right now. We’ve seen a lot of encouraging signs in just a year.

At the end of August 2015, there were about 6,100 listings. At the end of August 2016, there are only about 5,000. Drops in inventory creates higher demand and low sales.

Our inventory at the end of August 2015 was almost five months. Right now, our inventory is down to 3.5 months. Homes are selling a lot faster than they did last year. Here are a few more interesting statistics we thought we would point out:

• The average sale price increased from $200,000 in August 2015 to $207,000 in August 2016.
• The average consecutive days on market has dropped from 75 days a year ago to 61 days today.
• The number of sold homes has gone from 1,586 last August to 1,670 this August.

In addition to these numbers, we keep hearing that interest rates will go up. So far, they haven’t. They have actually dropped to 3.5%. It’s a great time to lock in a great rate on a home purchase.

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Interest rates still haven’t gone up either.

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I’ll leave you with my quote of the month. This one comes from Roger Staubach: “Confidence is the result of hours, days, weeks, and years of hard work and education.” A great quote from a great quarterback.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We would love to hear from you.

A June & 2nd Quarter Market Recap

Buying a Louisville home? Get a full Home Search 

 Selling your Louisville home? Get a free Home Value Report 

To let you know what’s going on in the real estate world, I want to talk about the month of June and give you a 2nd quarter market recap as we compare some current numbers to what was happening in June of last year.

This June was a great month, and so was the entire 2nd quarter. The number of houses on the market was 4,900, compared to 6,100 last year. This lower number of houses for sale has created a market that just keeps getting hotter and hotter.

The absorption rate (how many months it takes to sell the current inventory) in 2016 is 3.4 months, as opposed to 2015’s rate of 4.8 months. The average sale price of June 2016 is $211,000, whereas last year’s was closer to $205,000. The average days on market for 2016 is 59, down from 2015’s average of 81 days.  

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June was a great month, and so was the entire 2nd quarter.

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There were 1,800 houses sold in June 2016, versus 1,890 houses sold last year. The higher number in this case can be attributed to last summer being the starting point of the whole market improvement. Right now, interest rates are holding at 3.6%, which is phenomenal. Last year they spiked up a little bit to 4.25%.

Overall, it was a record-breaking month for our company. We bought or sold approximately 55 houses. For this we give many thanks to the people who’ve given us our referrals and repeat business. I wish you all a happy July, and hope you have a great summer. We’ll talk to you again in three weeks with another market update. If you need any free advice or a CMA, please feel free to contact us by phone or email.