How’s the Market?
Halfway through the year, we pour through sales charts, look back at our goals, and check how we’ve done on our predictions for the past six months. We do our best to prepare our agents for what’s to come. As we launch into the second half of 2020, we know that so far this year was in all accounts better than expected.
We present you with our 2020 Greater Louisville Mid Year Market Report.
From an economic standpoint, there is no question that a year ago, we were expecting higher interest rates and a slowing (not severe, but noticeable) of our real estate sales markets. This just didn’t happen in much of the country. Home values throughout the Greater Louisville Area rose by an average of $7,020 over 2019 prices. Buyers have been steady and the number of homes listed for sale has been lower than expected, causing home values to increase. Historically low interest rates allow buyers to afford a home at a higher price and with affordable payments.
We’re here for you. Feel free to reach out directly to your Nest Broker.