[Estimated read time: 5 minutes]

Tips to buying your very first condo.

 When looking for condos for sale for the first time you will find that there is a slight difference between buying a single-family home and buying a condominium.

First. What is Condominium?

A condo is an individual unit that is inside a larger building, similar to an apartment building. An HOA governs and maintains the common areas that are funded by a monthly maintenance fee that is gathered from the residence living within the association.



Steps to Buying Your First Condo

Let's take a quick look at what to expect during the process of buying a condominium, downtown loft or a townhome. Keep in mind that every transaction is different and can present different obstacles along the way.

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[Estimated read time: 4 minutes]

In this article, we dig deep into the local MLS statistics to find out when is the best time to buy a house in Louisville Kentucky.

Best time to buy a house in Louisville. Case study.

The takeaway from this study was clear, we were able to get a great overlook on the Louisville real estate  market and how it shifts throughout the year.

The Data

We looked at 10 years worth of statistics from the local MLS (2006-2016).

The data included:

⚬ Over 184k New Listings
⚬ Over 145k Sold Listings

We narrowed down the search criteria to only include:

⚬ Single Family Residence
⚬ Condominiums
⚬ and Patio Homes

After all of this research and gathering of data, noticeable trends stood out for median sale prices, days on market, new listings and more.

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