Greater Louisville 2021 Annual Report

Greater Louisville 2021 Annual Report

Welcome to the Greater Louisville 2021 Annual Report. At the beginning of each year, we engulf ourselves in the sales charts, devour the data, look back at goals set, and check in on how our predictions for the past year held true. We do our best to learn from the past and prepare our clients and agents for the new year ahead.

With that, we present you with this synopsis of the national, regional, and localized trends that matter most to you, found here in our Greater Louisville 2021 Annual Report.

Whether your 2021 was personally challenging or successful, embarking on 2022 with a clear understanding of the data can help you make the best possible decisions to achieve your real estate goals. We have scoured the data to bring you information on the national, regional, and localized trends that matter most to you.

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2021 presented a unique opportunity in the Greater Louisville housing market. Interest rates remained at near historical lows, allowing buyers a great opportunity to buy larger homes with more space to meet their needs as the world changed. Home prices held strong and continued to increase while the amount of active homes for sale close to doubled in most areas compared to 2020. Greater Louisville has also seen a surge of buyers relocating from other states, due to our cost of living, and as working from home has become more common.

The overall market has remained very active and fast-paced. Fortunately, due to an increased amount of homes for sale, the days on market increased slightly, allowing buyers a little more time to make logical decisions on what house to buy. As 2021 comes to an end and we look forward to 2022, we are expecting house prices to continue to increase. Fannie Mae is predicting a 7.9% increase in pricing nationally, and we are anticipating interest rates to increase to around 4%. The 2022 real estate market continues to look very strong for the Greater Louisville area, for both buyers and sellers.

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