Your Latest 2019 Real Estate Market Comparison
03/22/19 • -1 min
Our market is looking great, and we have the numbers to prove it. Here’s what they say.
Buying a Louisville home? Get a full Home Search
Selling your Louisville home? Get a free Home Value Report
The latest numbers are in for February’s real estate market, so today we’ll be comparing our 2019 stats with those of 2018. Things are looking good, but let’s put a magnifying glass on the metrics:
As you know, I always love a good quote. With springtime around the corner, I feel like this one fits well:
- There were 1,166 homes sold in February 2018 and 1,055 sold in February 2019.
- The average sales price was $204,500 in February 2018 and $216,500 in February 2019.
- The average days on market was 69 in February 2018 and 71 in February 2019.
- There was 2.26 months’ worth of inventory in February 2018 and 2.41 months’ worth in February 2019.
- There were 3,449 active listings in February 2018 and 3,601 in 2019.
As you know, I always love a good quote. With springtime around the corner, I feel like this one fits well:
“
”
“The day the Lord created hope was probably the same day he created spring.” —Bernard Williams
”
If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon. In the meantime, enjoy the beautiful weather!
Our market is looking great, and we have the numbers to prove it. Here’s what they say.
Buying a Louisville home? Get a full Home Search
Selling your Louisville home? Get a free Home Value Report
The latest numbers are in for February’s real estate market, so today we’ll be comparing our 2019 stats with those of 2018. Things are looking good, but let’s put a magnifying glass on the metrics:
As you know, I always love a good quote. With springtime around the corner, I feel like this one fits well:
- There were 1,166 homes sold in February 2018 and 1,055 sold in February 2019.
- The average sales price was $204,500 in February 2018 and $216,500 in February 2019.
- The average days on market was 69 in February 2018 and 71 in February 2019.
- There was 2.26 months’ worth of inventory in February 2018 and 2.41 months’ worth in February 2019.
- There were 3,449 active listings in February 2018 and 3,601 in 2019.
As you know, I always love a good quote. With springtime around the corner, I feel like this one fits well:
“
”
“The day the Lord created hope was probably the same day he created spring.” —Bernard Williams
”
If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon. In the meantime, enjoy the beautiful weather!
Previous Episode
Buying & Selling at the Same Time
If you want to buy and sell a home at the same time, you need a skilled, experienced real estate team behind you.
Buying a Louisville home? Get a full Home Search
Selling your Louisville home? Get a free Home Value Report
If you need to buy and sell a home at the same time, that’s a tricky prospect in our current market.
Several years ago, we agents could coordinate these two transactions much more easily. Now, things have changed. Two or three years ago, inventory in our market started to shrink. Before that time, we had as much as 15,000 available homes on the market. Now, we have a little over 3,000.
In other words, we’re still in a strong seller’s market, which means you need an aggressive, strategic marketing program to get your current home sold quickly. If you work with our team, that shouldn’t be a problem.
Several years ago, we agents could coordinate these two transactions much more easily. Now, things have changed. Two or three years ago, inventory in our market started to shrink. Before that time, we had as much as 15,000 available homes on the market. Now, we have a little over 3,000.
In other words, we’re still in a strong seller’s market, which means you need an aggressive, strategic marketing program to get your current home sold quickly. If you work with our team, that shouldn’t be a problem.
“
”
Once a home goes live in this market, it’s a challenge to get to it before anyone else.
”
The real question, though, is what you’re going to do with your next home. Are you upsizing or downsizing? In either case, you need the services of an experienced team with the tools that can help you locate the right home, make an offer on it, and get it under contract before any other buyers know about it. Once a home goes live in this market, it’s a challenge to get to it before anyone else.
As far as experience goes, the agent you work with should be a full-time Realtor and be a part of a team that sells roughly 500 homes a year. If you give us a call, we’d be happy to give you a market evaluation and tell you how we can get you to the closing table on both sides of the transaction with the least amount of hassle.
If you have any other questions about our market, feel free to reach out to us as well. We’d love to help you.
As far as experience goes, the agent you work with should be a full-time Realtor and be a part of a team that sells roughly 500 homes a year. If you give us a call, we’d be happy to give you a market evaluation and tell you how we can get you to the closing table on both sides of the transaction with the least amount of hassle.
If you have any other questions about our market, feel free to reach out to us as well. We’d love to help you.
Next Episode
Getting the Most Out of the Sale of Your Home
These seven seller tips are sure to make your home sale go off without a hitch.
Buying a Louisville home? Get a full Home Search
Selling your Louisville home? Get a free Home Value Report
To sell your home for the highest possible price and in no time, your selling strategy should be comprised of these seven tips:
1. Clean the home top to bottom. Your home should sparkle to the point that eating off the floor doesn’t seem like a bit of a stretch. Buyers will take notice of a home that is spic and span, is freshly painted, and has carpet that looks good as new. "This is sure to earn you a great ROI."
2. Get rid of clutter and personal items. The more clutter that’s strewn about your home, the worse your chances of selling for top dollar are. Removing personal items and clutter will give buyers an unobstructed view of what the future could look like for them and their family in the home. It’ll be hard for them to do that if your family photographs are hanging on the walls.
3. Remove large furniture. Big, bulky furniture shrinks your home—at least that’s the way it’ll be perceived. To showcase as much of your home’s square footage as possible, think about relocating bigger items to storage in the meantime. Additionally, the furniture that you leave in the home should look new and fresh, so think about removing dated or ratty-looking furniture as well.
1. Clean the home top to bottom. Your home should sparkle to the point that eating off the floor doesn’t seem like a bit of a stretch. Buyers will take notice of a home that is spic and span, is freshly painted, and has carpet that looks good as new. "This is sure to earn you a great ROI."
2. Get rid of clutter and personal items. The more clutter that’s strewn about your home, the worse your chances of selling for top dollar are. Removing personal items and clutter will give buyers an unobstructed view of what the future could look like for them and their family in the home. It’ll be hard for them to do that if your family photographs are hanging on the walls.
3. Remove large furniture. Big, bulky furniture shrinks your home—at least that’s the way it’ll be perceived. To showcase as much of your home’s square footage as possible, think about relocating bigger items to storage in the meantime. Additionally, the furniture that you leave in the home should look new and fresh, so think about removing dated or ratty-looking furniture as well.
“
Buyers will take notice of a home that’s spic and span, is freshly painted, and has carpet that looks good as new, and this is sure to earn you a great ROI.
”4. Hire a professional real estate team. And yes, I mean “team.” Did you know the average agent in our area sells five homes or less each year? For our part, my team sells 400-plus homes year in and year out. Simply put, it’ll be of great benefit to you to work with a team that has a proven, repeatable system to sell homes. If you needed surgery on your back, would you hire a surgeon that does upward of 20 procedures of this kind per month, or the surgeon that does less than five a month? The answer seems obvious because it is.
5. Find a team that can create demand and has a great marketing plan. We spend $300,000 marketing our clients’ homes on a yearly basis, and with us, your home will appear on a TV advertisement two to three times every weekend until it’s sold! Through our digital marketing plan, you can count on us for professional photography and to maximize your home’s exposure on various social media platforms.
6. Find a team that has a trade program. Many move-up buyers have a home they need to sell, and if one of these buyers makes a winning offer on your home, we can buy their property for cash.
7. Price your home to sell. Your agent’s responsibility isn’t to tell you what you want to hear with regard to your home’s value, it’s to be forthright about what price you should set it at so that you’ll earn top dollar on your home sale.
If you plan to buy or sell a home soon or for any advice related to real estate, feel free to give us a call at 502-458-2722. We’d be happy to come out and give you a free market analysis, a...
5. Find a team that can create demand and has a great marketing plan. We spend $300,000 marketing our clients’ homes on a yearly basis, and with us, your home will appear on a TV advertisement two to three times every weekend until it’s sold! Through our digital marketing plan, you can count on us for professional photography and to maximize your home’s exposure on various social media platforms.
6. Find a team that has a trade program. Many move-up buyers have a home they need to sell, and if one of these buyers makes a winning offer on your home, we can buy their property for cash.
7. Price your home to sell. Your agent’s responsibility isn’t to tell you what you want to hear with regard to your home’s value, it’s to be forthright about what price you should set it at so that you’ll earn top dollar on your home sale.
If you plan to buy or sell a home soon or for any advice related to real estate, feel free to give us a call at 502-458-2722. We’d be happy to come out and give you a free market analysis, a...
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