The Market Is Slowing Down, but Affordability Is High

There’s both good news and bad news to report as we head into September and look back on our market.

The bad news is the market is slowing down and interest rates are rising. If you’re thinking of selling your home, it will probably take you a bit longer to get it sold.

Now, for the good news: In the state of Kentucky, $100 can buy you an average of $113.90 worth of goods. This means on a national scale, it’s the state with the fifth-lowest cost of living. On the other end of the spectrum, the least-affordable state to live in is New Jersey, where $100 can only buy you $84.46 worth of goods.

I also have some more good  news. We’re in the process of growing our team, both on an administrative level and on a sales level. If you’re not happy in your current career and you’re looking to get into the real estate business as an agent or an administrator, you might fit right in with us. We’re the No. 1 real estate team in the Louisville area, so contact me if you think you want to start your career in real estate.

If you’d like to put your home on the market or you have any other questions about our market, don’t hesitate to reach out to me. I’d be happy to help you.