It’s hard to believe it is March already! With the housing market improving here in the Louisville area it is interesting to see just how many more homes have sold year to date in 2013 over how our community fared in 2012.
Looking at the dollar volume of SOLD homes, condos and farms in the entire Louisville metro area (including Jefferson, Bullitt, Oldham, Spencer, Henry, Shelby, and Trimble Counties), there was a remarkable 21.24% increase in homes SOLD through the Louisville Multiple Listing System.
The dollar volume of homes, condos and farms SOLD was $101,527,423 in January, 2012. In January 2013 that number rose to $123,097,899. That’s a whopping $21,570.476 in dollar volume SOLD in January 2013 alone.
Interestingly, there was a 10% decrease in sales volume in February, 2013 as compared to February 2012. The dollar volume of homes, condos and farms SOLD was $108,866,523 in 2012, and that number dropped to $98,011,551 in February, 2013.
Why? Lack of inventory.
So many homes were grabbed up in January, combined with fewer new listings on the market made the February numbers report a 10% decrease.
I am seeing that any home priced to sell is selling quickly. All the more reason to say, as I always do, that the so-called “dead of winter” is great time to get your home SOLD.
Inventory is typically down and buyers are out there on the hunt for a home. If you wait until Spring, your home can get lost in the crowd.
My advice is to list now and get a jump on your competition.