When people ask me, “How’s the Louisville real estate market?”, I never really know what it is they are asking.  Are they asking if they should buy?  Or sell?  Or how do I think the current market will affect their uncle on the other side of town?  It all depends!  Really, it does.  Which part of town do you live in, or want to live in?  Is your home in good shape?  Do you have a realistic expectation of a sales price?

But that’s not why you are reading this.  You really do want to know “How’s the market?”  One of the best indicators I have found is to look at how many current sellers are reducing their asking price.  Think about it for just a moment and you will see that the higher number of sellers forced to cut their price, the harder they are having to work to find a buyer.  Which is a nice way of saying that the sellers are suffering and the buyers are profiting.  The larger the percentage of sellers reducing their pricing, the further we go into a buyer’s market.  Here’s a quick look at the Louisville home market.

Louisville Ky real estate price reductions

If you have any questions about your home, or your part of town, please don’t hesitate to call me at 1-888-GREG-FLY or email me at greg@gregfly.com.  If you would like to receive weekly updates and graphs on a specific zip code within Louisville, please make sure to visit my web page for market trends at the most complete Louisville Ky real estate website at www.GregFly.com.

It’s Monday, and that means it’s time for me to look at updated Louisville Real Estate data!  Yeah, aren’t you excited?  Me too.

Here, I have included a graph showing the relationship between the median asking price and the amount of time a property is staying on th market.  This is a bit of a weird one.  Usually, when I see the asking price going up, that is an indicator that demand is rising, and that homes are coming off the market at a quicker rate.  On the other hand, days on the market (DOM) is also rising.  Normally, that is an indication that demand is slowing and properties are taking longer to exit the market.

Louisville Ky real estate chart

So what to do?  With this conflicting data, the best analysis is simply that the Louisville market is still in a state of flux and has not really settled itself out.  Any price gains could be temporary, while buyers and sellers sort out the balance and decide whether to stay in a solid buyer’s market, or maybe venture into the exciting world of the seller’s market!

If you have any questions about your home, or your part of town, please don’t hesitate to call me at 1-888-GREG-FLY or email me at greg@gregfly.com.  In addition, you can always visit the most complete Louisville Ky real estate website at www.GregFly.com.

Here is my latest installment of my weekly real estate activity updates for the Highlands neighborhood of Louisville.

For more weekly video updates, please visit my YouTube Channel, or visit the most complete Highlands real estate website at www.GregFly.com.

As part of my ongoing weekly video series for St Matthews real estate, I have here my latest installment!

If you have any questions, please don’t hesitate to visit the most complete website about homes for sale Louisville at www.GregFly.com.  You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.

The Highlands neighborhood of Louisville has some mixed data when looking at how many homes are reducing their sales price.  The Highlands describes several different parts of town, depending upon who you are talking to, such as Upper Highlands, Original Highlands and Germantown.  To be clear, I have simply compared the 40204 and 40205 zip codes to each other to show you how they compare.

As you can see in the graph below, over the past six months, 40204 has seen a reduction in the number of homes reducing their asking price, with a bit of an uptick in the last few weeks.  In contrast, 40205 has seen a pretty steady rise in the number of homes having to reduce their asking price in order to remain competitive and try to get their home sold.  This is not a particularly good sign for sellers, but certainly signals a great time for buyers of Highlands real estate to get into the market.

Graph showing percentage of homes reducing asking price for Louisville Highlands real estate

If you have any questions about homes in the Highlands, please don’t hesitate to visit the most complete Highlands Real Estate website at www.GregFly.com.  You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.

The St. Matthews neighborhood of Louisville, KY is seeing a rise in the number of homes that are reducing their sales price.  I have included a simple graph below to show how many homes, over the past six months, have reduced their asking price in St. Matthews.  To be precise, this graph is for the 40207 zip code, but I am loosely calling that St. Matthews.

% of homes that have reduced their asking price in St. Matthews - Louisville

If you have any questions about St. Matthews homes, please don’t hesitate to visit the most complete St. Matthews Real Estate website at www.GregFly.com.  You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.

As people ask me about the Louisville real estate market, most people are really asking about their home, and what price they might expect to obtain if they were to put their house on the market.  But there is other data out there that is equally important to consider when someone asks “How is the market”?  Here is a graph that shows the relationship between the inventory, or how many homes are on the market, compared to how long homes stay on the market, measured as DOM or Days on Market.

Louisville KY real estate graph

Not surprisingly, the graph shows an increase in the number of homes coming on the market and a corresponding rise in the number of days that it takes a home to sell.  Please let me know if there are any other graphs that you would like to see for Louisville, or any other part of town, and I will do my best to get them posted just as quickly as possible.  In the meantime, please feel free to visit my website for the most complete Louisville Ky real estate market data.

If you have any questions about your home, or your part of town, please don’t hesitate to call me at 1-888-GREG-FLY or email me at greg@gregfly.com.  In addition, you can always visit the most complete Louisville Ky real estate website at www.GregFly.com.

Frequently, when I run into someone, and they ask me how the market is, I have a hard time answering.  It all depends upon which part of town you are most concerned about.  Some areas are doing OK, while others are really taking a beating.  One of the most telling statistics to look at when trying to determine if your market is heading up or down, is to take a look at the inventory level, and see what is happening with the homes currently on the market.  For instance, here is the most recent inventory level graph I have from the Prospect part of town, which shows inventory levels rising quite dramatically in the past few months.  As a consequence, time on the market has also increased, frustrating many owners and sellers.

Prospect Ky real estate inventory levels

If you have any questions about your home, or your part of town, please don’t hesitate to call me at 1-888-GREG-FLY or email me at greg@gregfly.com.  In addition, you can always visit the most complete Prospect Ky real estate website at www.GregFly.com.

Here is a quick video that I threw together for one of my favorites, and my children as well!  It is a roasted chicken in the oven in just under one hour!  There’s not too much to it, and I usually have enough time to get this ready on even a week night.

Let me know what you think.  If there is another recipe that you would like me to try, and post a video of, just let me know!  I’m always looking for something new to try.  I don’t have a lot of videos posted yet, but if you want to keep up with my dinner time recipes and cooking experiments, please make sure to visit www.DinnerTimeTV.com on a regular basis.