Market Updates for the Louisville KY, southern Indiana, Elizabethtown/Fort Knox real estate markets

County

Street Num.

Street Name

Zip Code

or MLS/Hotline Number

Showcased Listings

Market Update Information

Greater Louisville Area | Southern Indiana Area | Heart of Kentucky Area

Brokerage companies like Semonin track selected statistics to give a snapshot of how a marketplace is changing from one point in time to another. Market Snapshots are also used to record seasonality in our business. It is not hard to see December real estate sales will never be as high as the springtime months of April, May and June. By recording statistics on a weekly basis, Semonin accumulates information to help us see trends in the marketplace.

Our company began selling real estate in Louisville, Kentucky in 1915. As time progressed, the company expanded with multiple offices in the greater Louisville area and moved both north and south of Jefferson County, Kentucky. As you follow the three Interstate Highways of I-64, I-65 and I-71 then you are essentially following the market where Semonin operates north, east, south and west.

We moved north across the Ohio river and branched into the southern Indiana market dominated by Clark, Floyd and Harrison counties.

We moved south down I-65 to Elizabethtown, Kentucky which is very close to the U.S. Army's Fort Knox base.

The map at the left is our marketplace. Three multiple list systems (MLS's) are operated in our region. To view a market snapshot, we research all three MLS databases to give us a feel for market information.

Active Residential Inventory

The level of active residential inventory in any marketplace goes up and down depending upon consumer supply and demand as well as seasonality. Below are three reports which track the active inventory for 2009 through 2011.


Greater Louisville Area (Jefferson, Oldham, Bullitt, Shelby, etc)	Elizabethtown/Fort Knox/Radcliff (south of Louisville KY)	Clark, Floyd, Harrison and other Southern Indiana counties

Months of Inventory Levels

One measure of market activity used in the real estate industry is the months of inventory currently on the market. If you take the last 30 days of SOLDS and divide that number into the active inventory you will get the months of inventory on the market. The "months of inventory" number tells you how many months it will take for existing inventory levels to sell out. In reality, this number NEVER goes to zero. It moves from the low single digits (a seller's market) to higher numbers (a buyer's market).

Months of inventory is just a market status number. Neighborhoods or selected zip codes may have vastly different months of inventory than the general marketplace. This is where a Semonin realtor can help you determine the values in your local area and the values for your own personal home.

Lastly, the time it may take your home to sell it not dependent upon the general market conditions. If you home is priced right and shows well for customers then you are typically ahead of the market averages.


Greater Louisville Area (Jefferson, Oldham, Bullitt, Shelby, etc)	Elizabethtown, Fort Knox, Radcliff (South of Louisville KY)	Clark, Floyd, Harrison and other Southern Indiana counties