Louisville Real Estate Market Defies Odds and Trends

White hot market

by MIKE HALL, Owner/Broker/Agent

Unless you have been living under a rock you are probably aware that the Louisville real estate market has been white hot for several consecutive months.

Experts from around the country have been awed by the continuous growth. In the area dubbed “The Golden Triangle,” population growth has outpaced available housing units. As industry continues to grow and new workers continue to flood in, the few houses that are for sale are snatched up quickly for record prices.

Good for who?

If you are selling your home, this news is fantastic. Values and demand continue to rise – placing more money in your pocket. If you are a homeowner, equity is building every week – helping you to accumulate wealth.

Stats

The Greater Louisville Association of Realtors reported sales up 2.86 percent year-to-date for 2017. Sales in September 2017 were 1,565 versus 1,671 last September. The average price YTD was up 5.39 percent and the median price was up 5.46 percent.

As a home buyer, you need an experienced agent to navigate you in this market and through the home buying process. Once you find the home of your dreams and purchase it, you’ll join the leagues of Louisvillians that are growing wealth and equity by simply owning a home. Call a Red Edge agent today for help finding your dream property!

Source: The Lane Report