Louisville KY Real Estate Monthly Report as of November 27, 2015
For Real Estate Inquiries, Please Call, Your Journey Team:
Niki Fuller at 502-523-5554 / e: niki@YourJourneyTeam.com
It's the first week of December and you must probably wondering as to how is the real estate market is fairing right now. What I mean is, after all, real estate is one of the biggest investment we have made ( or not ) in our life and it is only right that we are aware of our current property values and the latest news in the real estate world, especially if you have plans of selling your home soon.
The real estate monthly report is not limited to the people owning a home, it is also wise to check the market every now and then especially if you are planning on buying a property next year or anytime soon. You can also click here to check the month of October's Real Estate News.
I would like to remind everyone that the report I will be providing you may or may not be accurate and it is best to contact our team for a FREE HOME VALUE REPORT or Request for a FREE CUSTOM MARKET ANALYSIS for a more accurate information.
Click here, request or get your FREE HOME VALUE REPORT with Your Journey Team.
Here is November's Real Estate Market Report for LouIsville, KY for 2015.
Price Trends:
The median single family home price as of November 27, 2015, for Louisville, KY is $172,430. - Source: http://altosresearch.com
Click here, to request a FREE HOME VALUE Report with YOUR JOURNEY TEAM.
Market Conditions:
With a Market Action Index as of November 27, 2015, at 33.46.
What is a Market Action 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.” Read more at: altosresearch.com.
No comments:
Post a Comment