December Market Report Louisville Ky
Dated: January 5 2016
December continued a trend we have seen the over the last few months- it is a good time to be a seller. The average price of a home increase just over 10% in December 2015 in Louisville over prior year. In December 2014 the average price of a home was $182,000 and in 2015 the average sales price is just north of $200,000. With listings down about 15% in December over prior year- that shrinks the inventory to a rate of 3.7 months inventory. It is time to be a seller - if you are considering selling your home this link is for you: Louisville Home Values
There is still hope for buyers- with the spring thaw and an up tick in prices- more sellers will be listing their homes this spring. Do not despair- there are still great homes in the Louisville market in the $150-$175,000 (click the price to see 109 great homes) price range. Also- with interest rates remaining historically low price to payment is still great. The small interest rate hike this past month will not slow the housing market and loan rates are still great. Premier Homes Team has a great listing as well that is in the $180,000 price range - 7107 Blazier Ct
If you have any questions give me a call at 502-291-2140.