Your 2018 Real Estate Market Recap

Louisville, KY Real Estate Podcast with JP Pirtle

Here’s what we found when comparing 2018’s numbers to 2017’s.

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I hope you’ve all had a wonderful start to the new year! Today we’ll be comparing the final numbers of 2018’s real estate market with those from 2017.
Overall, 2018 was down a little bit from the year prior. There were about 18,000 homes sold in 2018; in 2017, there were about 18,300.
2018’s average sale price was at $218,000, up from 2017’s average price of $208,000.
Our absorption rate, or the amount of time it would take to sell all homes currently on the market, was at 2.61 months in 2018. In 2017, it was at 2.78 months.

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Overall, 2018 was down a little bit from the year prior.

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Mortgage rates are currently sitting at around 4.5%, and we’d be more than happy to set you up with a lender who can help you find a great rate.
In 2019, we’ve found ourselves needing more agents to help handle all of our leads. If you’re interested in joining our team, let us know! We offer a 12-month guaranteed income to help agents get on their feet.
If you have any questions or need more information, feel free to reach out to us. We look forward to hearing from you soon.