Selling a Louisville home? Get a free home value report Buying a Louisville home? Search all homes for sale Today I’ll be discussing the Louisville real estate market and I’ll be explaining what the numbers mean for both buyers and sellers. I think everyone will be glad to hear that the market is hot! The number of listings on the market continues to drop, putting pressure on buyers. This is good news for sellers, because fewer homes on the market means rising sale prices! On a national level, housing supply is down, and this is because the short sale and foreclosure properties are no longer available, which is a good sign of recovery from the crash in 2006. We’re seeing a lot of first time buyers coming onto the market, as well as boomerang buyers. Boomerang buyers are people who are getting into the market after a foreclosure or a short sale. This is also a good indication that the market is returning to normal. Rising interest rates have caused these buyers to come into the market because buying power is peaking right now. In other news - watch this video to see what we can do to make your home stand out. At 203 Angels Court we shot a video with a drone and also a MOVI camera. We can make your property look immaculate, and this will catch the eye of hundreds of online buyers. For the full tour, check out www.LouisvilleHomesTV.com! As always, don’t hesitate to contact us if you need help buying or selling in Louisville!