Louisville, KY Real Estate Market Update as of November 3, 2015

Louisville, KY Real Estate Market Update as of  November  2015

For Real Estate Inquiries, Please Call, Your Journey Team:   

Niki Fuller at 502-523-5554  / e: niki@YourJourneyTeam.com

It's the start of the week for November and we would like to update you on how the real estate market ended for the month of October. It's tricky to get an updated version on the very first day.

Since, what we provide is just a general information on how the market is generally fairing right now. But, you can always ask for a FREE home valuation with us and we'd be happy to send you your Free Home Valuation report! We can also send you a custom report, just CLICK HERE to request one.

Here is Louisville's Real Estate Market Update as of  November 3, 2015.

Price Trends:

The median single family home price as of October 30 2015 for Louisville, KY is $173,441. 

CLICK HERE, to request for your FREE Home Valuation.

Market Conditions:

With a Market Action Index as of October 30 2015 at 33.57

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. - source:www.altosresearch.com

Sales and Demand Trends:

The average property in Louisville as of October 30 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?”- source:www.altosresearch.com

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