Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon
You might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there's good news – the housing market now is different from 2008.
One important reason is there aren't enough homes for sale...
The Return of Normal Seasonality for Home Price Appreciation
If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that ...
February 2021: OLDHAM COUNTY MARKET SUMMARY
We're back for another monthly Oldham County real estate market summary. We have seen some changes since January 2021. Absorption rates continue to dip (number of available homes during a given period of time divided by the number of homes sold) and so do the number of homes on the market. We saw an increase in average list price in Southern Oldham County from January 2021 to February 2021 as well. Overall, we are still seeing record low inventory and are in a seller's market.
Let’s take a look at the February 2021 findings: ...
january 2021: OLDHAM COUNTY MARKET SUMMARY
January brought us frigid temperatures and record low housing inventory. Looking back at our January 2017 Oldham County Real Estate Statistics blog, it shows how low housing inventory is now. Inventory is typically low most the time in winter but this year is lower than average.
In January 2017, the absorption rate (number of available homes during a given period of time divided by the number of homes sold) for Northern...
December 2020: OLDHAM COUNTY MARKET SUMMARY
Happy New Year! The December 2020 Oldham County market summary is in!
Compared to our November report, housing inventory remained low. The average cumulative days on market continued to drop from November 2020. Overall, there has been a 20.5% decrease in the number of active listings in Northern Oldham County in 2020 compared to 2019. Southern Oldham County saw an 8% decrease in total active listings from 2019 to 2020.
The absorption rate (number of available homes during a given period of time divided by the number of homes sold) continued to dip compared...
November 2020: Oldham County market summary
Despite the ongoing pandemic, the real estate market is still reporting record-breaking growth. Mortgage rates remain low and the demand for housing inventory is high. We are currently still in a seller's market, making it a great time to sell your home, even in the colder months.
Let's take a look at some of the key market statistics comparing November 2019 to November 2020 for Northern and Southern Oldham County. The absorption rate (number of available homes during a given period of time divided by the number of homes sold) has dropped. Because buyers are moving much faster than last year to beat out the competition, you will see a major drop...
Should You Sell Your Home in the Winter?
We’ve heard it time and time again. “Should I wait until spring to list my home?” The answer is you could, but why wait? Although every season has its benefits when it comes to selling your home, the winter benefits are unique. We’ll cover some of the top reasons to list your home in winter so you can decide if it’s worth listing your...
Tips on Hiring a Real Estate Agent
Before hiring a real estate agent, interview 3 agents. That’s right 3! Many people are of the opinion that all real estate agents are created equal. Nothing can be further from the truth. Just to name one example, some agents are part time, while others are in the business full time. While their skillsets could theoretically be similar if they have both sold the same number of homes in their career, will the part time agent be available to you when you need them, or will they be at their other job? And, even if they are full time, ask who backs them up if they are sick or out of town? Do they have an agent partner to cover for them? Are they part of a larger team with lots of people to back them up? Your time matters most, especially in a Seller’s market!
Among other things if you are a Seller, you will want to understand the agent’s fees, their marketing plan, the number of homes they have sold, their success rate on sold price as...
Welcome to 6912 Williamsgate Blvd, a stunning, 2.5-year-old home in the Williamsgate neighborhood. This 1.5 story home in Crestwood is an original Ball Homes product is a modified “Jackson” plan with plenty of upgrades. In this home, you will find 5 bedrooms and 3 full baths, plus an unfinished walkout basement with roughed in full bath, which is ready for you to design as you please. On the front of the home, you will notice the well-kept landscaping and lush green lawn.
...
Are you thinking of buying or selling in this crazy late spring/summer market? This is a bit of a good news/bad news situation. It is good (or even great) if you are selling! There are far more buyers in the market today than inventory for them to buy. What does this mean? It means we have an out of balance situation between supply and demand. Better said, it is a seller’s market!
Most of the homes my team has listed this entire year have sold in less than a week. Many have sold in days or even hours. And, many of these homes have sold for more than asking price due to the competition for these homes. This in and of itself can also...
