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Dated: December 26 2021

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Message 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 dropped this week to a rate of 3.05% against last week’s 3.12% this was a nice drop that is a welcomed gift for home buyers.

For November in the Louisville/Lexington Market there were 3,440 (-437) Active & Pending Single Family Homes/Condos with 1,552 (-188) Sold.

We have a 27.20 (+1.8) average days on market for our area with 1.32 (-0.07) Months of Inventory Available.

November 2021 saw an Average Selling Price for a home at $284,473 compared to $258,699 in November 2020. - An over $25,000 increase in just 1-Year!!

1527 Homes were sold in November of 2021 compared to 1631 in November of 2020.

Median Selling Price for homes in November of 2021 closed at $241,005 compared to $221,835 in November of 2020.

Mortgage interest rates are projected to climb, with some projections showing 3.70% as the median for 2022.

These higher interest rates will cost home buyer's additional money in interest. You can avoid the interest hikes by locking in your rate today, or if you currently own your home and will benefit from a refinancing, refinancing at today's historic rates.

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!

David Hittle, Realtor

United Real Estate Louisville

Shop Kentucky Homes

502-489-1135 (Call or Text)

Shopkentuckyhomes@yahoo.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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