Louisville, KY Real Estate Market Update as of
October 2, 2015
For Real Estate Inquiries, Please Call, Your Journey Team: Niki Fuller at 502-523-5554 / e: niki@YourJourneyTeam.com
Real estate updates can be a bit tricky, it takes time for the websites to be posting the update right away. However, we are lucky enough that our source is updating their report weekly. Since, the real estate market is one of the most unstable and one of the markets that is always changing and pretty much hard to keep up.
I always say this to all the real estate market update that I have been writing. The report I am about to post may or may not be accurate and it is always best to check or request a Custom Market Analysis or take advantage the FREE Home Valuation Report with your trusted realtor. Make use of the services that they are offering in their website, it's free and easy to use.
Visit Your Journey Team's Website at www.YourJourneyTeam.com for all the services that they offer. For a FREE HOME VALUATION in Indianapolis, click on the link http://www.yourjourneyteam.com/sell.php.
Louisville, KY Real Estate Market Update as of
October 2, 2015
Source: http://altosresearch.com
Price Trends:
The median single family home price as of October 02 2015 for Louisville, KY is $174,896.
Please visit our website to request a custom report. www.yourjourneyteam.com.
Market Conditions:
With a Market Action Index as of October 02 2015 at 34.01
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 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.” -http://altosresearch.com
Sales and Demand Trends:
The average property in Louisville as of October 02 2015 has been on the market for about 110 days.
What is Sales and Demand Trend?
Simply put, “Days-on-Market” tells you how long the active properties currently for sale, in 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?”
Price per Square foot:
The median price per square foot for homes in Louisville as of October 02 2015 is about $113.
Homes for Sale:
There are about 2,675 properties on the market in Louisville as of October 02 2015.
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