Current State of the Louisville Real Estate Market
How would you describe the current Louisville area market?
Elissa: "Louisville, Kentucky offers a very strong real estate market and is forecasted to continue to be a great town for buying and selling homes for years to come. Inventory remains limited and interest rates are at a historical low. There are more active Buyers than listings. All of these factors indicate this is a “Seller’s Market”. Typically, a properly priced and move-in ready home will sell at or very close to list price. At the same time, real estate markets are dynamic and in constant flux. Our market is normalizing with each passing week, which is healthy and necessary for sustainability. Sellers should expect to require slightly more days on market as compared to the past few years with a likely price drop or two to compel Buyers to offer. It is important that your professional real estate agent thoroughly understands the current market as well as the power of a well-researched listing strategy to secure the highest dollar in the shortest amount of time."
To learn more about the current value for your home as well as what it means to have a powerful listing strategy, call The Withrow Group today! 502-554-9449.