Homes for Sale at Eight Year Low

Many properties receiving multiple bids.

Homeowners have been reluctant in the past five years to list their home.  They have decided to dig in their heels and make it work in homes that are too big or too small because the economy has, well, just plain sucked and homes were hard to sell at a decent price.

The media coverage of home ownership has painted a dismal picture, but a recent USA Today article painted a bright rainbow over the grim statistics of years past. Home buyers are on the rise.

To bring it home to Louisville, I’ve closed on 16 home sales since January 1st which is a 60 percent increase for me over the same time period in 2012.   The Louisville market has a whole has had 6 percent more sales than in 2012 through the same time period. 

I've had good success finding homes for buyers and getting listings sold.  However, my buyers and I are racing to homes the day they are listed so we can have the opportunity to bid on it if they like it.  Many houses, especially in St. Matthews, Crescent Hill, and the Highlands, are selling in two days or less.  Many are receiving multiple offers in the first 24 hours.

So, this is the time and tides are turning for those of you that couldn't afford to list in the past or if you have been thinking about buying now is the time while rates are good and before prices rise too much.  Homes have appreciated so you may be surprised at the price your home will sell for in the current market.   

Give me a call if you are thinking about listing.  I’ll give you an honest opinion about list price and we can get you into your next house, lickety split.  Or if you need help finding a home also feel free to reach out.  I can show you any home and give you straight up advice on the pros and cons of every home so you can make an informed decision.  Using an agent to help you find a home is free to you as the sellers pay the commission. 

Thanks!

Mike Hall
Principal Broker
Red Edge Realty
502-648-3676
MikeHall@RedEdgeLive.com