Your Latest August 2017 Market Recap

<div style="text-align: center;"> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/8Az7skGnJRA?ecver=1?rel=0" width="560"></iframe></div> <div style="text-align: center;"> <i><br /></i></div> <div style="text-align: center;"> <i>Home sales and home values are both up in our market. Does that mean good or bad news?</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;"> How did our market do last August compared to August 2016?</div> <div style="text-align: left;"> <br /></div> <div style="text-align: left;"> I know I sound like a broken record, but our market keeps going strong and everything looks great—including interest rates. <b>Let’s take a look at how the numbers stack up between then and now:</b></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 keeps going strong and everything looks great—including interest rates. </div> <br /> <span style="color: #cc2539; display: block; float: right; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px;">”</span></div> <ul> <li style="text-align: left;">The number of homes sold rose from 1,697 to 1,856.</li> <li style="text-align: left;">The average sale price rose from $207,000 to $211,000.</li> <li style="text-align: left;">The average days on market dropped from 61 to 51 days.&nbsp;</li> <li style="text-align: left;">The absorption rate declined from 3.59 months to 2.91 months.</li> <li style="text-align: left;">The number of active listings dropped from 5,136 to 4,415.</li> </ul> <div style="text-align: left;"> Finally, according to Statewide mortgage, interest rates are hovering slightly below 4%, with an APR of about 4.058%.&nbsp;</div> <div style="text-align: left;"> <br /></div> <div style="text-align: left;"> Now, for my quote of the day:</div> <div style="text-align: left;"> <br /></div> <div style="text-align: left;"> <i>“Always travel the extra mile. It’s never crowded.” </i>—Dr. Wayne W. Dyer</div> <div style="text-align: left;"> <br /></div> <div style="text-align: left;"> </div> <div style="text-align: left;"> If you have any questions or are thinking of buying or selling a home in our Louisville market, don’t hesitate to reach out to me. I’d be happy to help you.</div> </div>