Schuler Bauer Real Estate Services

Housing Market on the Rise

Louisville: A Great Place To Be

Louisville Kentucky is more than just home to the Kentucky Derby and the Louisville Slugger baseball bats. Louisville has become a great place live, work and raise a family. There are more than enough activities to entertain a young family or keep a retired couple having fun. That’s why it’s no surprise Louisville is beginning to make headlines as a great place to live, a great place to work and a great place to buy a home.

Louisville houses one of the nations most in demand neighborhoods

Realtor.com recently released a countrywide analysis and the Louisville 40205 zip code, which includes neighborhoods like the Highlands and Seneca Gardens, came in the top 25.

Evidently when a home in the 40205 zip code goes on the market, it doesn’t stay there for long. “In each top-ranked ZIP code, supply and demand are about five times stronger than the rest of the country,” the report said. “Homes in these communities sell four to nine times faster than the national average, with days on market 45 percent, or 20 days, lower than their respective metropolitan statistical areas.”

 

Louisville ranked as the 3rd Most Affordable Place to Live

Trulia.com recently released a study that named Louisville the third most affordable place to live. Louisville placed third to Akron and Dayton, Ohio respectively. One of the key reasons Louisville ranked third was because of the amount of middle-class income spent on housing. As of August 2015, 18.2 percent of middle-class income in Louisville was spent on housing. This is a 0.7 percent increase from the year before. Keep in mind, the ...

The truth about the housing market, is it really on the rise?

Don’t be fooled by this popular headline, it is misleading. While the statement is accurate it doesn’t mean what you think.

 

The data that is being used to calculate this statistic compares the average sales price of housing nationally in May 2012 to May 2013. The average price of houses that sold is actually 12% higher.

This does not mean that a house that sold in May 2013 would sell in May of 2013 for 12% more.

What the data shows is that buyers are more active in the higher price segment of the market. This is good news, showing that the housing markets are becoming more healthy across all price ranges. However it does not mean any one property has appreciated 12% in the last twelve months. Good news for the market as a whole, not as good as it sounds for any individual property owner.

...

The housing market is on the RISE!

 Sales of previously owned homes rose by 15.2% in June from one year ago to a seasonally adjusted annual rate of 5.08 million, but they were down by 1.2% from one month ago, according to the National Association of Realtors.

Monday’s report showed that the housing market may be slowly returning to equilibrium after a year in which demand has outstripped supply, pushing up prices. At the current pace of sales, there was a five-month supply of homes in June on a seasonally adjusted basis, up from the 4.9-month supply in May but down from the 6.1-month supply a year earlier.

...

Commercial Properties

Let our professional team of experts give you the help you need.

Search Commercial Properties
New Construction

View new construction throughout Southern Indiana Real Estate.

Explore New Construction
Preferred Vendors

Our Preferred Vendor partners give you all the info you need.

Get Started Now!
Free Market Analysis

Our free service provides you with a thorough analysis of your home's current value.

Get a Free Market Analysis