Tips To Reach Your Homebuying Goals in 2023

Dated: January 8 2023

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Message From David Hittle, Realtor - United Real Estate Louisville

Welcome to 2023 - This year is going to be a hot one! Louisville has been rated by Realtor.com as the #3 Hottest Real Estate Market for 2023. This means that Homeowner's are going to still get top-dollar for their homes and Homebuyer's are going to have more options to choose from in this new year!

As we conclude the first week of the new year we see rates rise slightly. Rates this week averaged 6.48%, up from last week's 6.42% but down from the high of 7.08% achieved last year. It is predicted that mortgage rates will settle below 6% and experience less volatility this year than we have seen. 

In the Louisville Real Estate Market however, the housing market continues to remain in Hot Seller's Market territory. Today, 1,911 listings are live on the market here in the Louisville Multiple Listing Service. In the Lexington Multiple Listing Service we have 2,426 listings that are active and on the market. And in the Northern Kentucky Multiple Listing Service we have 717 for a combined total of 5,053 listings on the market. The absorption rate or months worth of inventory sits at 1.60 continuing to indiciate a Seller's Market in Louisville, Kentucky.

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, Certified Real Estate Negotiator (CREN), NAR e-Pro, 2x VA Certified, Realtor

United Real Estate Louisville

Shop Kentucky Homes

502-489-1135 (Call or Text)

Shopkentuckyhomes@gmail.com

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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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