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November 2020

Found 2 blog entries for November 2020.

A quick look at the local Louisville housing market and the current average home prices in Louisville KY. Numbers and statistics for Louisville real estate are gathered from our local Louisville MLS for the month of October 2020.

Louisville KY Real Estate Market - October

Number of Homes Sold: 1,201
Median Sale Price: $216,500
Days on Market: 23
New Construction Last Month: 23

 

Louisville Real Estate Market-October 2020

 

Is the current market affected by COVID-19?

Surprisingly, as you will see in the graph below we have had the best October in Louisville real estate for the last ten years! Curious where we would be if there was not a global pandemic. The number of sales for October was 1,200. This is up 7.5% from this

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what does under contract mean

With so many people searching for homes online it can be confusing when you see the same home listed on multiple sites but somehow they show a different status.

Leading to why one of the most common questions people searching for homes ask...

...is this home still available?

In real estate, some of the terminology can be used interchangeably which can just add to the confusion. One real estate website may have a home listed as Contingent and then another may have it listed as Pending. Leaving consumers questioning - What is going on with this home??

What does Active Status mean?

Active status homes

When a homeowner decides to sell their home and they list with a licensed real estate agent their home will be posted with the local MLS that the agent is

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