The State of The City -- Louisville Real Estate Market News

Posted by Jeff Levein on Tuesday, February 21st, 2017 at 3:23pm.

 CURRENTLY THERE IS A 25% DECRESASE IN NUMBER OF HOMES FOR SALE  IN LOUISVILLE COMPARED TO LAST YEAR. 

HOME PRICES IN LOUISVILLE ARE AT RECORD HIGHS! 

These highs are caused by the lack of supply, not by a housing "bubble" as in 2006.   Prices are up because of shortage of available inventory.. it's the law of supply and demand!  


Buyers don't have a lot of homes to look at, so if you're thinking of selling.. NOW is the time to GET GOING!


 Not only will you get prime exposure and price for the home you're selling,  you will enjoy low mortgage rates on your new home purchase. 


Mortgage rates for a 30-year mortgage are currently around 4%, still below rates of 50 years ago!!  These rates are rising slowly, but they are rising. 


Many people were reluctant to enter the real estate market with the election uncertainty, but with that over, activity is expected to increase steadily. 


Spring is the best time for real estate in Louisville, but to take advantage of all the good aspects of our market, you NEED TO GET GOING NOW!   


Just call us at 502-736-0511 or email jeffandlinda@leveinteam.com, and let's get you on the path to a new home!

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