March 2015 Numbers Still Show Promise for Eager Sellers
Thinking about selling your home this season? It continues to be a seller's market!
The real estate market here in Louisville, KY is continuing to look promising for those planning to sell their homes. March’s market statistics have recently been reported, and the data proves that now remains a great time to sell. Far fewer quality homes were available in March when compared to the same time last year; only 5,195 active listings were available in March 2015 compared to 6,147 active listings in March 2014. This is an inventory decrease of 15.5%! Such high demand is great news for sellers.
High demand predictably drives up prices as well. (It’s another piece of good news for home sellers!) Average selling prices of homes in March 2015 show an increase of 13.3% from last year. (The average price was $186,600 versus $164,700 in 2014.) Home buyers continue to fight for a new place to call home, and they prove it through increasing the amount they are willing to pay. If you are thinking of listing your home, begin the process soon to get a piece of the action. Buyer competition is truly intense right now!
The actual number of houses sold so far this year once again support a seller’s market. February’s statistical report showed that Louisville had a 6.3% increase of year-to-date homes sold. March’s numbers show an even greater increase! Sales are up 8.3% for the year. 2,891 homes have already been sold, and that number is rapidly growing.
The data doesn’t lie, and it doesn’t take much analysis to see that the Louisville real estate market is in serious need of quality listings. There is no reason to hesitate on adding yours to the mix. Buyers are actively searching and willing to do whatever it takes to find the perfect home. This market is full of promise!
Get your listing started today by contacting Pam Ruckriegel with the Louisville Real Estate Pros at Keller Williams Louisville East. 502-435-5524.