It’s Still a Great Time to Sell in Louisville
High Demand and Low Inventory in Louisville
By Mike Hall, Broker/Agent/Owner
Buyers are looking for homes!
2021 is shaping up to be a pretty wild year for selling homes in Louisville. The demand for houses is still greater than the supply, so many sellers are seeing shorter time on the market and greater values and bids for their homes. Between 2018 and 2021, Louisville’s average sale price increased more than 20%.
It can be argued that the pandemic and quarantined year of 2020 has had at least some impact on the surge in buyers. With more time being spent at home, people are finding that they could use a home office, gym, or dedicated play space for their children. Others were waiting last year because of the restrictions and uncertainty, and now they’re joining the other home buyers in 2021.
Adding to the demand, interest rates for loans remains at historically low levels, motivating many buyers to act now.
If you are considering selling your home, now is a perfect time! Talk to a Red Edge agent today to take advantage of this opportune season to sell your house well!