Market News & Best of the MLS 7-19-18
Updated: Feb 15, 2019
Best of the MLS
Be sure to check out the "As-Is" deals.
Nice Auction Property Near Cherokee Park - 1590 Parsons Pl
Awesome Air BNB opportunity on River - 6212 Transylvania Beach Rd
2nd Quarter Results are In
Houses are selling fast but it helps to mesh out what's going on and put some numbers on it. There's plenty of good information to unpack from the spreadsheet I put together on a handful of investor friendly zip codes in the Louisville market. The key points are that all the zip codes are in a strong sellers market. Prices are up 4.5% to 9.7% from last year's median. It's the strongest appreciation I've seen in Louisville and I can't say if prices have ever risen as fast. Perhaps more striking however is the lack of inventory. A market in balance has 3 to 6 month of property depending on the area. The 40229, 40219, & 40220 zip codes are skimming by on a 30 day supply. In the affordable middle of the market, above $100k and under $200k, properties are selling in 10 to 12 days which reminds me, do you know anyone that wants to sell a house?