Don't Fear Today's Real Estate Market

Dated: October 31 2021

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Some Thoughts from David Hittle, Realtor - United Real Estate Louisville:
As I continue to work with a new email template I hope you all will be patient with me, and I hope you enjoy the new format, I believe it provides the most relevant content without overwhelming you with too much text, images, and links. 
This week mortgage interest rates according to Fannie Mac hit 3.14% this is up from last weeks 3.09% but is still near historic lows when we look back over the decades.
This week in Louisville there are 3,728 Active & Pending Single Family Homes/Condos.
We currently have a 21.70 average days on market for our area with 1.31 Months of Inventory Available.
September of 2021 saw an Average Selling Price for a home at $284,399 compared to $260,355 in September of 2020.
1740 Homes were sold in September of 2021 compared to 1653 in September of 2020.
Median Selling Price for homes in September of 2021 closed at $240,000 compared to $220,000 in September of 2020.
While interest rates start to climb higher, home prices are climbing as well. If buying a home is in your future now is the time to make your moves before interest rates climb to higher levels and cost you thousands of dollars in interest.
Give me a call today, so we can discuss all of your options and get you on the right path to Homeownership and the American Dream!
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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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