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The Hollinden Team Louisville KY Real Estate Blog

Home Sales and Listings continue their increase

Listings on the Louisville MLS continue their increase over a year ago with 693 properties listed last week versus 640 listed on the Louisville MLS last year for the same time period. 
Sold houses increased over last year as well.  There were 196 sales in a one week period versus 175 in the same time last year.  This is about a 12% increase and consistent with what we have been seeing the last few months.
One thing to note that is easy to see.  There are many more listings than sales in these comparable periods.  This is putting more homes on the market and ensuring that this will be a “buyers” market for a while longer.
We have been quite busy lately and feel sure that we will stay that way.  We are seeing increased sales, but not increased prices.
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Spring is coming to Louisville

It may be me, but I can tell a change in the season. I am getting more and more calls and visits to the website. At my open house Sunday, attendance was up.  For some people, this was the first time that they had been out this winter.
And, they are looking at houses because they want to move. As we make small talk, I find that most will qualify for the $6500 tax credit.  This is a pleasant surprise for them. I continue to talk about it as I am sure most agents do. It does seem to create a need for urgency. I look for things to get even better in Louisville Real Estate.  Let’s hope the surge in buying continues past the tax credit deadline of April 30th.
The Louisville Board of Realtors® reports that listings were up 21% the first week of March compared to last year.  Sales were up 16% in the comparable period.

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