Your Latest August 2017 Market Recap

Louisville, KY Real Estate Podcast with JP Pirtle

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7y ago

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Home sales and home values are both up in our market. Does that mean good or bad news?

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How did our market do last August compared to August 2016?

I know I sound like a broken record, but our market keeps going strong and everything looks great—including interest rates. Let’s take a look at how the numbers stack up between then and now:

“

Our market keeps going strong and everything looks great—including interest rates.

”

The number of homes sold rose from 1,697 to 1,856.
The average sale price rose from $207,000 to $211,000.
The average days on market dropped from 61 to 51 days.
The absorption rate declined from 3.59 months to 2.91 months.
The number of active listings dropped from 5,136 to 4,415.

Finally, according to Statewide mortgage, interest rates are hovering slightly below 4%, with an APR of about 4.058%.

Now, for my quote of the day:

“Always travel the extra mile. It’s never crowded.” —Dr. Wayne W. Dyer

If you have any questions or are thinking of buying or selling a home in our Louisville market, don’t hesitate to reach out to me. I’d be happy to help you.

23 episoder