Louisville KY, Real Estate Market Trend for September 2015

Louisville KY, Real Estate Market Trend for September 2015

For real estate questions, or inquiries. Please call 502-523-5554/ e: niki@yourjourneyteam.com or visit our website:www.yourjourneyteam.com

The last market trend that we have for Louisville was updated the last week of July. By now, there are significant and obvious changes for the real estate market in Louisville, KY.

The data that we I will be showing you had been updated September 04, 2015. It may or may not be accurate. I would personally encourage you to contact us or your realtor for a more personalized and accurate report on the value of your property.

We offer FREE Home valuation report and there is absolutely no charge for consultation regarding your real estate needs. We love helping people even in small ways possible. You can reach Your Journey Team at 502-523-5554/ e: niki@yourjourneyteam.com or visit our website:www.yourjourneyteam.com.

Here is the Latest Real Estate Market Trend for Louisville, KY 

for the month of September 2015.

Price Trends:

The median single family home price as of September 04 2015 for Louisville, KY is $175,404.  - Image and info source: http://altosresearch.com

Market Conditions:

With a Market Action Index as of September 04 2015 at 34.90

-  Image and info source: http://altosresearch.com

What is a Market Index?

“The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb  the available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.” -from altosresearch.com

Sales and Demand Trends:

The average property in Louisville as of September 04 2015 has been on the market for about 111 days. -  Image and info source: http://altosresearch.com

What is Sales and Demand Trend?

Simply put, “Days-on-Market,” tells you how long the active properties currently for sale, in an aggregate, have been on the market (a.k.a. “time on market”). Said otherwise, “of the active listings currently available for sale, how long have they been for sale?” - from altosresearch.com

Price per Square foot:

The median price per square foot for homes in Louisville as of September 04 2015 is about $113. -  Image and info source: http://altosresearch.com

Homes for Sale:

There are about 2,618 properties on the market in Louisville as of September 04 2015. - Image and info source: http://altosresearch.com