Lack of Houses for Sale in Louisville hampers local Market recovery

If you list it, they will come

For the first time in several years, the housing market is on the move. In fact, the Louisville real estate market is on track for a record sales year – with one catch: not enough attractive homes are on the market. Buyers are eager to make purchases, but the lack of desirable properties in Greater Louisville is slowing the recovery.


It pays to look your best

When it comes to selling your house, the best-looking places will attract the most buyers. Sellers are in the driver’s seat right now. If your house is in good shape, your chances of closing the deal are very high. Some houses are selling within days, and bidding wars are shaping up for places in “move-in” condition.

One local homeowner sold his Highlands area property in 8 hours! Barely enough time to put out the “for sale” sign.  In addition, other nearby properties are finding new owners within a matter of days. This sales and inventory graph says it all:

Louisville Ky Real Estate Sales Report
As you can see, inventory of homes for sale has plummeted since 2011, while sales have been climbing. Sales start to sag in the first part of 2012, as the number of desirable properties decreases.


The one reason why you should list now

It’s all about supply and demand. If you’re thinking of selling, and your house is “ready for its close-up,” now is a great time to list it with a trusted Realtor.  Because of the shortage of quality listings, those homes that are on the market are being courted by several “suitors.” Buyers are ready, willing, and able – and your property could be just what these “home starved” buyers are looking for. Right now, the competition in Greater Louisville is fierce and the pool of attractive homes is small. If you’ve kept your place in good shape (roof, painting, curb appeal, interior updates), you could be at the closing table in just a matter of days.

So, if you’ve got it (a desirable property), let a good Realtor list it, and watch them the home buyers come! Sell now and sell high. There may never be a better time to get the price you want, faster than you ever imagined!

Let’s get Your House sold! Call me today
Bruce Moore, Realtor
RE/MAX First
Louisville, Kentucky

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