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...