The Louisville real estate market has been a solid performer this year. The number of homes and condos closed is down by 3.27% but average selling price is up by 5.19% (YTD Jan-Aug 2019 compared to YTD Jan-Aug 2018)
We experienced an uptick in activity once school got underway and we expect that last rush again as we head into fall and the holiday selling season so it is not too late to get into the market!
Lawrence Yun, Chief Economist of the National Association of Realtors® commented that annual home sales have been moving "sideways" in recent years. He noted that recent sales have been helped by 30yr rates at or below 4% and that builders are building at slightly more affordable price points. At the same time, he identified two main headwinds as "reduced tax benefits for homeowners," and the impact of the "intensifying trade war on corporate investment and the stock market."
Sellers, call us. We are eager to share information about your home value and how to maximize your position in the fall selling market.
Buyers listen up! We do need to talk. Interest rates are low, low, low and this increases your buying power.
We have the systems and support in place to get you moved before the end of the year.