What's Happening in Louisville's Market?

Market Update for Louisville, Kentucky

Market Insights:
 

• Price rebound: 68% say prices will be higher by the end of 2012.

• Today’s prices: 29% below the peak reached during the housing bubble.

• Demand for lower-priced properties: 80% of agents say it’s good or very good.

• Demand for homes in the middle-price ranges: 71% rate it as fair to good.

• Demand for high-priced homes: 58% call it poor to fair.
• Interest rates are in the high 3's and low 4's.

• Roughly one third are first-time buyers. Another third are homeowners looking to sell so they can move up or downsize. The remainder are mostly investors, who believe the market has hit bottom.

• One in five buyers pays cash, receiving an average discount of 15%.

Want to discuss the opportunities in today's market? 

MelissaPawley@remax.net

502.315.1561