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What Is It Like Living in Shelbyville, Kentucky? A Local REALTOR®'s GuideIf you're considering buying a home in Shelbyville, Kentucky, the first thing to understand is that Shelbyville and
Perspective Matters When Selling Your House Today!
Dated: October 16 2022
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Another Sunday and here is your Weekly Real Estate Newsletter - World Food Day. Today we celebrate our giving spirits here in America and how we provide so much food to the rest of the world. World Food Day is all about making sure that someday we have a world free of hunger.
This week mortgage interest rates actually came down a bit before the Halloween holiday, hitting an average of 6.92% this week closing in on that 7% number on average. At these rates we have now hit a 20-year high. Buyer's that are still financially qualified are turning to ARM's or Adjustable Rate Mortgages, they are about a full point lower than the overall 30-year fixed rate mortgages. The 30-year fixed rate mortgage averaged 3.05% one year ago. For those who can afford them, a 15-year fixed rate mortgage may save a little money it averaged 5.90% this week. The 5-year Hybrid Adjustable Rate Mortgages averaged 5.81% this week and that is up from 2.55% last year. While rates continue to flucuate homeowners are still listing their homes for sale, and homebuyer's are still purchasing homes. All in all the market is continuing to churn, just at a slower pace, fewer homebuyer's and increased inventory from homeowners is going to be the culprit for home prices beginning to moderate.
In the Louisville Real Estate Market the shift is still being seen in spectacular fashion. Today, 2,225 listings are live and on the market here in the Louisville Multiple Listing Service. In the Lexington Multiple Listing Service we have 2,777 listings that are live on the market. And in the Northern Kentucky Multiple Listing Service we have 821 for a combined total of 5,823 listings on the market. So, if you are looking for a home in our area, know that there are homes available for sale all over the place!
If you or someone you know has questions about the real estate market, or you would like a personal neighborhood market report don't hesitate to reach out and ask. You can also visit my website www.shopkentuckyhomes.com - and enter your zip code to receive a market report as well.
Don't try to navigate this changing housing market alone, have confidence by having a professional by your side during your real estate transaction.
David Hittle, NAR e-Pro, 2x VA Certified, Realtor
United Real Estate Louisville
Shop Kentucky Homes
502-489-1135 (Call or Text)
Shopkentuckyhomes@gmail.com
David Hittle
David Hittle is a licensed real estate agent with United Real Estate Louisville, serving buyers and sellers throughout Louisville, Kentucky and surrounding counties. Specializing in residential real e....
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Data last updated: September 14, 2026 12:30 PM UTC and updating occurs daily
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than United Real Estate Louisville are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.
© 2026 Metro Search, Inc.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than United Real Estate Louisville are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to
REALTOR® Association of Southern Kentucky All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
Heart of Kentucky Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
