If you are fortunate enough to own your property and have built some equity, you may be wondering if now is a good time to sell. The good news for you is that Louisville is still a seller’s market, meaning the amount of inventory available is not enough to sustain the number of buyers.
The truth lies in the numbers. From January 1st to September 15, 2023, Louisville has had 5,873 single family houses that have closed. The ratio of list price to sales price of those homes is 98.15 percent. This means that, on average, most homes have sold at the list price.
Louisville continues to struggle with low inventory. Single family houses currently for sale on the MLS are hovering around 920 homes. For move-in ready homes with a value under $300,000, the competition is fierce. Those sellers will more than likely experience very few days on the market before an offer is accepted, possibly with multiple offers.
Sellers still hold an advantage in today’s real estate market. While each seller has their own personal reasons to consider whether now is the right time to sell, working with a trusted Realtor is essential for the best possible outcome on price and terms. Reach out to Twin Spires Realty for more information about selling your home in today’s market!
