Special offer

Louisville Real Estate Statistics – August 16th thru 22nd

By
Real Estate Agent with Re/Max Real Estate Center - The Thacker Group KREC #74225

Louisville Real Estate - Louisville RealtorBy Michael Thacker – Louisville Realtor

The Greater Louisville Association of Realtor (GLAR) released their latest year-over-year numbers for new homes for sale, and sold properties for the Louisville market. The latest statistics did show a nice increase over last year for new listings, and even a small increase for sold homes, or what Realtors call closed transactions.

Digging into the numbers, the sold properties numbers I could call relatively flat since an increase of three (3) units are not really that much of an increase. That could be three condos sold in a development, or something similar. In my eyes, not a large increase, or even one to indicate a trend developing.

For new listings, though it would appear from the numbers a large increase in inventory available for buyers. However that number continues to deceive, since I would estimate at least 30-40% of all new listings, are actually just the re-listing of those properties already on the market.

For some reason, in the past 6-12 months, I have noted that numerous agents will cancel then re-list their listings, at least when they change a price, and often even just to refresh the listing. You would think that would have advantages, but not really so much so.

Myself, as a Realtor working with buyers, I always check the history to see what activity a home has had, and I always alert my buyers if a new listing is really just a re-list. I even suggest that when that happens, the agent is sending a message that a homes owners, are even more anxious to sell at an even more discounted price.

Of course, I do tell my buyers and sellers that in the end the market is what determines the selling pricing (closing) price of a home. Sometimes homes are listed at or even below the market price, but sometimes other factors come into play, and a home is initially listed, and even reduced to, pricing that still does not reflect what the market will pay.

That is why a Realtor should always research the market from every angle, on behalf of his or her clients to be sure that they are buying at what the market will bear for the home. That allows the buyer to get a fair price for the home, and in the case of the seller, receiving fair and solid interest to allow for a quick sell.

 

Listings-Residential Single Family & Condo

Aug. 16 – 22, 2014 = 507

Aug. 16 – 22, 2015 = 583

SOLDS – Residential Single Family & Condo

Aug. 16 – 22, 2014 = 340

Aug. 16 – 22, 2015 = 343

Have questions about the specific market in your area of Louisville, or the surrounding area? I can help, text or call, or use the Market Snapshot tool on my site, and you can do your own baseline search of activity in your homes area.

Posted by

Thank you for visiting! 

To contact me visit the link below, or use any of the contact methods available to you! I look forward to speaking to you!

 

Michael Thacker - Louisville Realtor

502-619-4185 Text or Call

Mailing:

PO Box 6565

Louisville, KY 40206

Comments (0)