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What Should You Do Before Buying a Home in Kentucky?Buying a home can be exciting.It can also become unnecessarily stressful when buyers start looking at houses before they're prepared for
Real Estate Market 2021 vs. 2022
Dated: January 30 2022
Views: 19
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Thank you for continuing to read my blog and for enjoying the weekly newsletter that I send out via e-mail. It is an honor to be able to help everyone I encounter walk down the path of Homeownership and find the American Dream. If you have any comments, concerns or questions please don't hesitate to reach out.
This week mortgage interest rates according to Fannie Mac jumped this week to a rate of 3.55% against last week’s 3.56% this was the first slight drop in 5 weeks and hopefully indicates that the mortgage rates are leveling out, unfortunately I do not believe that is the case and I believe mortgage rates are going to rise much higher before the year ends.
For December in the Louisville/Lexington Market there were 2,952 (-16) Active & Pending Single Family Homes/Condos with 1,614 (+35) Sold.
We have a 26.60 (-0.3) average days on market for our area with 1.18 (-0.03) Months of Inventory Available.
December 2021 saw an Average Selling Price for a home at $284,508 compared to $249,359 in December 2020. - An over $35,000 increase in just 1-Year!!
1607 Homes were sold in December of 2021 compared to 1635 in December of 2020.
Median Selling Price for homes in December of 2021 closed at $245,000 compared to $217,000 in December 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
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 12, 2026 9:25 AM 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
