Thursday, May 10, 2012

What's Happening in Louisville's Market?

arket 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?

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