Late updates from April lead to a significant increase in sales from what was reported last month. When this information is combined with May sales, the Inventory Index is starting to look pretty good.
Compared to last year, fewer sellers are putting their Bullitt County homes on the market. This is helping keep the inventory levels reasonable and prices stable.
The good news is tempered by still tightening lender standards which continue to make it harder for prospective buyers to get loans. A recent move by lenders to cut available balances on credit cards and home equity loans is also going to hurt. As credit limits are lowered, credit scores generally drop. Buyers may want to check with their lenders to make sure that they are not negatively impacted by any of these changes.
The good news for buyers is that selection continues to be great. Sellers are updating properties before listing them and it is easy to find a fairly priced property in move-in condition.
Without further ado...
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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Bullitt County Homes
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