The Greater Louisville Association of Realtors (GLAR), just released their most recent numbers for new listings, and homes sold in the Louisville market. As has been the case for the past several weeks, we’re continuing to see the downward trend continue.
There has been a lot of ideas tossed about why that may be happening such as low inventory, frustration in the market due to the upcoming elections, and higher prices. It could be any, or all of those things.
What does it all mean?
In the end my buyers are still looking for homes, but in many cases unable to find what they like, in the areas that they want to live. This has been a problem for well over year now.
My sellers are reaping the benefits of higher prices meaning that they get a higher return on their investment, their current home. Of course the negative for my sellers is that they have to usually find a new home which means they become the buyer, paying the higher prices for their new home.
After it’s all said and done it will eventually work itself out, I’m sure.
What you should do if you are planning to move?
If you are looking to buy, and you want to start your search online, please use various tools here on the site. You can set up searches, do research, or even look at schools, and community statistics.
Another option is to text, or email me, and I will be glad to set up a search portal for you so that you can see listings, and start educating yourself on what the market is doing in the areas that you are interested in living.
If you’re considering selling your home, I can give you the data so that you can see what your neighbors homes have sold for, and their condition/upgrades added at the time of listing. All very important to have.
The best number to reach me to discuss her housing situation is 502-619-4185, and you can text or call anytime.
Listings-Residential Single Family & Condo
Sept. 11 – 17, 2015 = 518
Sept. 11 – 17, 2016 = 499
SOLDS – Residential Single Family & Condo
Sept. 11 – 17, 2015 = 383
Sept. 11 – 17, 2016 = 339