An Update on the Louisville Real Estate Market

Louisville, KY Real Estate Podcast with JP Pirtle

Вміст надано JP Pirtle. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією JP Pirtle або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

5+ y ago

MP4•Головна епізоду

As we head into the summer, I wanted to bring you a quick update on the Louisville real estate market. Here’s what you need to know.

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As we head into the summer, I wanted to bring you some of the latest numbers from the Louisville real estate market in April and compare them to what we saw at this time last year.
Here are some of the statistics I’ve been keeping my eye on:

Home sales are down from 1,583 to 1,442
Our average sale price is up to $223,000 from $220,000
The average days on market stayed relatively flat, going up slightly to 64 from 62
The absorption rate sits at 2.48 months, which is up from the 2.33 months we saw last year
Active listings are low, but they’re slowly creeping up. They sit at 3,687 currently, which is up from 3,554 last year
The average interest rate for a 30-year mortgage has dropped back below 5% and now sits at 4.5%

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Interest rates have dropped back below 5% to 4.5%.

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Thanks to my great friends at Statewide Mortgage for providing me with the interest rate update.
Last but not least, it’s time for our monthly quote. This month’s quote is:
“If we ever forget that we are one nation under God, then we will be a nation gone under.” -Ronald Reagan.
If you have any questions for me in the meantime or need any real estate help at all, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you.

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