Your Latest 2019 Real Estate Market Comparison

Our market is looking great, and we have the numbers to prove it. Here’s what they say.

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Selling your Louisville home? Get a free Home Value Report

The latest numbers are in for February’s real estate market, so today we’ll be comparing our 2019 stats with those of 2018. Things are looking good, but let’s put a magnifying glass on the metrics:

• There were 1,166 homes sold in February 2018 and 1,055 sold in February 2019.
• The average sales price was $204,500 in February 2018 and $216,500 in February 2019.
• The average days on market was 69 in February 2018 and 71 in February 2019.
• There was 2.26 months’ worth of inventory in February 2018 and 2.41 months’ worth in February 2019.
• There were 3,449 active listings in February 2018 and 3,601 in 2019.

As you know, I always love a good quote. With springtime around the corner, I feel like this one fits well:

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“The day the Lord created hope was probably the same day he created spring.” —Bernard Williams

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If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon. In the meantime, enjoy the beautiful weather!

Buying & Selling at the Same Time

If you want to buy and sell a home at the same time, you need a skilled, experienced real estate team behind you.

Buying a Louisville home? Get a full Home Search 

Selling your Louisville home? Get a free Home Value Report

If you need to buy and sell a home at the same time, that’s a tricky prospect in our current market.

Several years ago, we agents could coordinate these two transactions much more easily. Now, things have changed. Two or three years ago, inventory in our market started to shrink. Before that time, we had as much as 15,000 available homes on the market. Now, we have a little over 3,000.

In other words, we’re still in a strong seller’s market, which means you need an aggressive, strategic marketing program to get your current home sold quickly. If you work with our team, that shouldn’t be a problem.

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Once a home goes live in this market, it’s a challenge to get to it before anyone else.

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The real question, though, is what you’re going to do with your next home. Are you upsizing or downsizing? In either case, you need the services of an experienced team with the tools that can help you locate the right home, make an offer on it, and get it under contract before any other buyers know about it. Once a home goes live in this market, it’s a challenge to get to it before anyone else.

As far as experience goes, the agent you work with should be a full-time Realtor and be a part of a team that sells roughly 500 homes a year. If you give us a call, we’d be happy to give you a market evaluation and tell you how we can get you to the closing table on both sides of the transaction with the least amount of hassle.

If you have any other questions about our market, feel free to reach out to us as well. We’d love to help you.

Don’t Wait Another Day to Pursue Your Real Estate Goals

Now is the time to take hold of your goals and make them happen. Don’t wait another day to chase your dreams.

Buying a Louisville home? Get a full Home Search 

Selling your Louisville home? Get a free Home Value Report

Our team has already been very successful so far this year in helping people like you achieve their real estate goals. With that in mind, today’s message is simple: It’s time to take action. Whatever your aspirations are for 2019, now is the time to seize the opportunities available in our market. There are a lot of great things going on now, so don’t miss your chance to make the most of current conditions. Life is too short to put your dreams off for another day. Whether your dream is to run your own business and get involved in real estate or to own your own home, we can help. Please reach out to us today. To learn more, watch this short video.