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How Is The Housing Market In Louisville? Better Than You Might Think

By
Real Estate Agent with Keller Williams Realty Louisville East

The housing market around Louisville and Southern Indiana is improving.  Don't believe me?  Lets look at some indicators, just for fun. 

  • First and foremost, home sales for our team is up dramatically from this time last year.  In 2011 we sold over 100 homes, quite an accomplishment, and one we were very happy with given the market conditions.  Compare that to this year where we've already sold over 80 homes so far. 
  • According to the Greater Louisville Association of Realtors, its members sold 14% more homes in April of 2012 than in 2011
  • Median sale prices are up 4% from last year.  For the last few years buyers could swoop in and offer lower prices and sellers were virtually forced to accept them.  Now things are shifting and we are even seeing some of our listings get multiple offers.
  • As of March the Louisville and Southern Indiana region saw an increase of around 19,500 new jobs, a 3.2% increase versus 2011 according to the U.S. Bureau of Labor Statistics.  I mentioned this a little in our blog on Signs That It's A Good Time To Sell Your Home
  • More potential sellers are updating and improving their home before putting it on the market and are pricing their homes right from the beginning.  If a house is priced right from the start and is in "move in" condition then it is an appealing property to potential buyers.  If a home is priced unrealistically and then sits on the market for several months with several price reductions, even once you get to that magic selling price, buyers only see a history of the home not selling, which is scary prospect if they ever want to sell it in the future.  Luckily we provide a free tool that will help you see what your house is valued out based on market conditions at Louisville Home Values

We're glad to see that everything is getting better; not just from a business standpoint, but from all standpoints.  More people are working and making a living.  More people can afford to upgrade, relocate, buy their first home, etc.  At the end of the day this means that more people are happier than they were at the same time last year, isn't that something to feel good about?  Who knew that one little question like "how is the housing market?" could point to so many positives?   

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