The WeSellLouisville.com Louisville Real Estate Blog
Louisville Home Sales up - Inventory down!
Louisville home sales are up 4.7% over February 2015. The number of active listings on the market is down 20.1% compared to the same time last year. That’s why realtors are finding it tougher and tougher to find homes for anxious buyers. If the lack of inventory continues, home sales could tumble, as buyers get discouraged with the lack of options to choose from.
The absorption rate is much lower than we've seen in years. In case you don't know what the absorption rate is, imagine all homes coming on the market stopped as of this moment. The absorption rate measures the number of buyers in the marketplace, the number of sellers putting their homes on the market and the number of homes going under contract. When combined the absorption rate gives us a good indication of how the home sales market is performing.
There are several scales but the one we look at closely says that if there is a six-month supply of homes or more it's a buyers market. If there is a 5 to 6 month supply of homes it's a neutral market. Finally anything less than a five month supply of homes and were looking at a sellers market. As of this writing, the absorption rate was 3.43 month supply of homes that's a firm sellers market! Compare that to just a year ago where the absorption rate was a 4.83 month supply. Not quite a neutral market but certainly not anywhere near as hot as the market is right now!
For sellers, the good news is that homes priced right, in good condition and staged properly are selling in a...
Spring Cleaning Tips for Selling Your Louisville Home
Spring is quickly approaching and new life is popping up all around. Flowers, budding trees, and cute little bunnies, but there is one bunny that is not so welcome and that is the dust bunny.
Despite all our spring cleaning efforts it is very difficult to keep dust at bay. You, like many others, have probably dusted your home only to turn around days later and find a layer of the unsightly fuzzy stuff coating your shelves or a little dust bunny lurking in the corner. Dusting is a task that will always need to be done often but we can show you some ways to keep those bunnies from rapidly multiplying and reduce the dust in your home so it's not as big of a chore when you need to list and sell your home....