3 Reasons Why NOW is the Time to Sell Your Louisville Home

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Real Estate Agent with Louisville Real Estate Pros - 502-435-5524 63655

3 Reasons Why NOW is the Time to Sell Your Louisville Home

There really is never a wrong time to sell your home. Contrary to popular belief, if a home is priced correctly it can even sell during the dead of winter. While each time of year has a different set of reasons why it might make sense to sell your home, there are a few certainties why NOW is the time sell.


1. Low Inventory

The first few months of the year tend to show a lesser amount of homes available for sale. This is certainly the case for 2017. When looking at January’s statistics, there were a total of 6,559 homes either active, pending, or closed during the month as a whole. This is significantly less than the 6,944 homes that were either active, pending, or closed during December 2016. The number of homes during November 2016 was even greater than that, so a steady decrease can be seen when observing month-to-month statistics. There is always a demand for quality properties, so a decrease in homes available potentially creates more competition for buyers.


View current Louisville, KY homes for sale under $200,000.
View current Louisville, KY homes for sale under $300,000.
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3 Reasons Why NOW is the Time to Sell Your Louisville Home

2. Increased Average Selling Prices

When there is a lower inventory count on quality properties, it is not uncommon for higher sales prices to follow. The competition between buyers oftentimes boosts the amount of money presented with an offer. Using January 2017 as an example, the Louisville area saw an average selling price of $195,946 for single family residences and condominiums. This an increase from the $193,535 seen during December 2016. It’s an even greater increase when comparing to the average selling price of January 2016 ($187,380). So you can see that now is a great time to sell when looking at price averages throughout the area.


Curious how much your home could be worth? Let us run a free Market Analysis on your home!

3. Beat the Spring Rush

The spring months are typically when activity picks up in the real estate market. There tends to be an increase in volume of homes for sale, so competition logically picks up as well. This is why selling your home BEFORE the rush can give you a big advantage when it comes to less competition between sellers.
It’s not hard to see why selling your home NOW could be beneficial. There’s no need to wait for the warmer weather when there is still a lot of activity on the market happening as we speak. 

 

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Are you thinking of selling your home? Contact Pam Ruckriegel with Louisville Real Estate Pros at Keller Williams Realty Louisville East today. She’s the best real estate agent for the job! 502-435-5524.

Posted by

Pam Ruckriegel, Lead Agent with the Louisville Real Estate Pros -Bringing Buyers and Sellers together in the Louisville, KY and surrounding areas.

Call 502-554-9554

For a free MLS search for homes in the Louisville, KY area, visit my website at www.LouisvilleRealEstatePros.com.  You can perform your own search for real estate in Louisville, KY just like the Realtors do there.

If you would like a really neat tool to see recent home sales in your neighborhood, visit www.FreeLouisvilleHomeValues.com to get a Market Snapshot of recent sales in Louisville KY.

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Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Now is a good time to sell in almost every market

Feb 16, 2017 09:12 AM #1
Rainmaker
2,783,258
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Pam Ruckriegel These are very good helpful tips to sell a home.

Feb 16, 2017 05:20 PM #2
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Rainer
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Pam Ruckriegel

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