What Do the Latest Numbers Say About Our Louisville Market?

<div style="text-align: center;"> <iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/4cFsR0DsGok?ecver=1?rel=0" width="480"></iframe></div> <div style="text-align: center;"> <i><br /></i></div> <div style="text-align: center;"> <i>Our Louisville market is hot right now, and here are the latest statistics to show how far we’ve come since July of last year.</i></div> <div style="text-align: center;"> <i><br /></i></div> <div style="text-align: center;"> <i><b>Buying a Louisville home? <a href="http://www.searchalllouisvillehomes.com/" target="_blank">Get a full Home Search&nbsp;</a></b></i></div> <div style="text-align: center;"> <b><i></i></b></div> <div style="text-align: center;"> <i><b>Selling your Louisville home? <a href="http://www.jpsold.com/homeeval" target="_blank">Get a free Home Value Report</a></b></i><br /> <i><br /></i> <div style="text-align: left;"> Right now, our market is as hot as the weather. It continues to amaze me, and I don’t think I’ve ever seen it quite like this. How has the market changed since last July? Let’s go over a few statistics.</div> <br /> <div style="border: solid 1px #cc2539; display: block; margin: 0 auto; padding: 20px 10px; width: 80%;"> <span style="color: #cc2539; display: block; float: left; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px; position: absolute;">“</span><br /> <div style="color: black; font-size: 20px; font-weight: bold; margin: 0 auto; padding: 0 10px; text-align: center;"> Our market is as hot as the weather.</div> <span style="color: #cc2539; display: block; float: right; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px;">”</span></div> <br /> <div style="text-align: left;"> <b>From July 2016 to July 2017:</b></div> <div style="text-align: left;"> </div> <ul> <li style="text-align: left;">The number of active houses decreased from 5,218 to 4,430. This lack of inventory is driving a lot of the demand out there.&nbsp;</li> <li style="text-align: left;">The absorption rate decreased from 3.63 months to 2.93 months.&nbsp;</li> <li style="text-align: left;">The average sale price increased from $213,000 to $220,000.&nbsp;</li> <li style="text-align: left;">The average days on market decreased from 64 days to 47 days.&nbsp;</li> <li style="text-align: left;">The number of homes sold decreased slightly from 1,690 to 1,650.</li> <li style="text-align: left;">Interest rates stayed about the same at roughly 4%.&nbsp;</li> </ul> <br /> <div style="text-align: left;"> If you have any questions about these latest numbers, the current state of our Louisville market, or any other real estate topic, don’t hesitate to give us a call. We’d be happy to help you.&nbsp;</div> <div style="text-align: left;"> <br /></div> <div style="text-align: left;"> </div> <div style="text-align: left;"> Quote of the month: <i>“If you’re not shorthanded, you’re overstaffed.” </i>- Sam Walton</div> </div>