Your July Housing Market Update for Louisville

The latest numbers are in for the Louisville real estate market, so today I’d like to take some time to talk about what the data means for buyers and sellers. We’re seeing some new trends emerge when it comes to home inventory, so you want to stay tuned for this in-depth dive into our market.

For your convenience, I’ve included timestamps for today’s video topic. Feel free to navigate to the section(s) you’re most interested in viewing:

0:08 — Introduction to today’s topic

0:43 — The market has begun to cool

1:30 — Appraisers are throwing a wrench in many transactions

2:25 — Some pending sales are falling through, and homes are coming back on the market

3:32 — For sellers, a high offer doesn’t mean a done deal

4:18 — Illustrating the difference appraisers make by comparing Louisville to Boulder, Colorado

5:00 — Prices skyrocketed in the last few months, but appraisers are fighting against it

5:30 — Advice to buyers and sellers

5:54 — Conclusion to today’s video

If you have any questions about our market or if you’re looking to buy or sell a home, feel free to reach out to me. I look forward to hearing from you soon.