The Best Time To Sell Your House Is When Others Aren't Selling

Dated: May 14 2023

Views: 19

Message From David Hittle, Realtor - United Real Estate Louisville

I apologize, as it has been a long time since I have sent a weekly newsletter. Life happens and when it does family comes first! 

Mortgage rates fell this week despite the Federal Reserve raising rates. Rates this week fell to 6.35% versus last week's 6.39%. The reduced mortgage rates is making it easier for home buyer's to become homeowners as rents continue to rise year after year. As inflation slows mortgage rates should begin to decline as well which would be even better news for homebuyers and home seller's alike. 

In the Louisville Real Estate Market, the housing market continues to remain in Hot Seller's Market territory. Today, 1,559 listings are live on the market here in the Louisville Multiple Listing Service. In the Lexington Multiple Listing Service we have 2,035 listings that are active and on the market. And in the Northern Kentucky Multiple Listing Service we have 631 for a combined total of 4,226 listings on the market. The absorption rate or months worth of inventory sits at 1.35 months 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, Realtor

Shop Kentucky Homes - Broker: United Real Estate Louisville

Certified Real Estate Negotiator (CREN)

2x VA Certified Realtor

2022 Millennium Club - Silver ($1-$3 Million Sales Volume)

October 2022 Top Producer (Based on Units Closed)

2021 Millennium Club - Silver ($1-$3 Million Sales Volume)

September 2021 Top Producer (Based on Units Closed)

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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