Weekly Market Report - Semonin Realtors

Greater Louisville Association of Realtors?

Weekly Market Report

Jan. 12, 2020

Compliments of Semonin REALTORS?

Disclaimer: Information is deemed reliable but not guaranteed and the MLS is not responsible for the accuracy of this information. These statistics include single family homes and condos only and it may not represent all real estate information in the local marketplace.

Greater Louisville Association of Realtors?

DOWN

11% FROM LAST YEAR

ACTIVE INVENTORY

CURRENT Jan. 12, 2020

2,910

ACTIVE LISTINGS

FOUR WEEKS AGO

3,265

SIX MONTHS AGO

3,499

THREE MONTHS AGO

3,757

ONE YEAR AGO

3,257

DOWN

5%

FROM LAST YEAR

$331K

AVERAGE LIST PRICE

FOUR WEEKS AGO

$327K

SIX MONTHS AGO

$377K

THREE MONTHS AGO

$346K

ONE YEAR AGO

$350K

DOWN

22%FROM LAST YEAR

2.9

MONTHS OF

INVENTORY

FOUR WEEKS AGO

2.8

SIX MONTHS AGO

2.3

THREE MONTHS AGO

2.7

ONE YEAR AGO

3.7

MONTHS OF I N V E N T O RY

Months of Inventory (MOI) is the amount of time it would take to sell all current listings at the current sales pace. MOI is what most professionals in the business use to determine whether it is a Seller's Market, a Buyer's Market, or a Balanced Market. To calculate MOI, we divide the number of current active listings by the number of listings sold in the last 30 days.

5 YEAR TRENDING | ACTIVE LISTINGS & MONTHS OF INVENTORY

6000

18.0

5500

16.0

5000

4500

14.0

4000

12.0

3500

10.0

3000

8.0

2500 2000

6.0

1500

4.0

1000

2.0

2016 2017 2018 2019 2020

Active Listings

Months of Inventory

GLAR is primarily Jefferson County Kentucky and immediate surrounding counties. Information is deemed reliable but not guaranteed and the MLS is not in any way responsible for the accuracy of this information. These statistics include single family homes and condos only and may not represent all real estate information in our markets. Last 30 days statistics go back 30 days of each current date noted throughout this report.

Disclaimer: Information is deemed reliable but not guaranteed and the MLS is not responsible for the accuracy of this information. These statistics include single family homes and condos only and it may not represent all real estate information in the local marketplace.

Greater Louisville Association of Realtors?

UP

15%

FROM LAST YEAR

1,162

993

1,393 1,527

867

AS OF JAN. 12, 2020

$230K

UP

0%

FROM LAST YEAR

$223K

$222K

$251K

$221K

40

UP

39

2%

48

FROM LAST YEAR

34

GLAR is primarily Jefferson County Kentucky and immediate surrounding counties. Information is deemed reliable but not guaranteed and the MLS is not in any way responsible for the accuracy of this information. These statistics include single family homes and condos only and may not represent all real estate information in our markets. Last 30 days statistics go back 30 days of each current date noted throughout this report.

47

Disclaimer: Information is deemed reliable but not guaranteed and the MLS is not responsible for the accuracy of this information. These statistics include single family homes and condos only and it may not represent all real estate information in the local marketplace.

Greater Louisville Association of Realtors?

DAY S O N M A R K E T

Days on Market (DOM) is the period of time a property is active on the Multiple Listings Service before a conditional offer is accepted. Simply put: it's a measure of how many days a home takes to sell.

DOM is closely watched as it is an indicator of how strong the housing market is. The lower the DOM suggests it is a seller's market. The higher the DOM usually suggests it's a buyer's market.

48

AVERAGE DAYS ON MARKET

The Average Days on Market calculation does not reflect the times a home that is sold has been on the market before by (1) its owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest. This number, in most instances, does not reflect the number of days from contract to close which averages 30-45 days for most closings. In order to have a true picture of the date property is listed to the date of closing, a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close. The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months. Your agent can give you a specific report tailored to your area.

LIST TO SALE RATIO BY MARKET TIME

LIST TO SALE RATIO

120+ Days 91-120 Days

61-90 Days 31-60 Days

0-30 Days 92% 93% 94% 95% 96% 97% 98% 99% List-toSale Ratio(%)

This ratio is calculated by dividing the actual sales price by the home's final list price and express it as a percentage. This can help buyers and sellers negotiate on pricing. For example, an average list-tosale ratio of less than 100 percent shows that sellers generally accept less than their asking prices in that particular market. Home seekers may be able to secure the property by making an offer that reflects the average discount that buyers are receiving. Sellers reviewing the list-to-sale ratio can see at a glance whether their list price is too low or too high, and adjust the list price accordingly.

GLAR is primarily Jefferson County Kentucky and immediate surrounding counties. Information is deemed reliable but not guaranteed and the MLS is not in any way responsible for the accuracy of this information. These statistics include single family homes and condos only and may not represent all real estate information in our markets. Last 30 days statistics go back 30 days of each current date noted throughout this report.

Disclaimer: Information is deemed reliable but not guaranteed and the MLS is not responsible for the accuracy of this information. These statistics include single family homes and condos only and it may not represent all real estate information in the local marketplace.

Greater Louisville Association of Realtors?

6

Monthly mortgage

cost on $200K home

with current

5

interest rate

3.730%

4

$ 924

3

MORTGAGE RATES

2 2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

H I S T O R I C AV E R AG E M O R T G AG E PAY M E N T S S E E N B Y G E N E R AT I O N

MILLENIALS

$1,024.09

YOUNGER BABY BOOMERS

$1,301.19

$200K

GEN X

$1,157.00

OLDER BABY BOOMERS

$1,499.72

*Mortgage payment is principle and interest only.

20%

18% 3 0 Y E A R F I X E D M O R T G A G E R A T E S

FROM A GENERATIONAL STANDPOINT 16%

18.45%

14%

12%

11.26%

10%

8%

6.70%

6%

4.59%

4%

3.35%

8.52% 5.67%

3.35%

6.78% 3.35%

8.23% 3.35%

2%

0%

MILLENNIALS

(Rates from 2007-2017)

GEN X

(Rates from 1997-2017)

Average

YOUNGER BABY BOOMERS

(Rates from 1987-2017)

Minimum Maximum

OLDER BABY BOOMERS

(Rates from 1977-2017)

*Historical rate information sourced by fred. Disclaimer: Information is deemed reliable but not guaranteed and the MLS is not responsible for the accuracy of this information. These statistics include single family homes and condos only and it may not represent all real estate information in the local marketplace.

Information deemed reliable, but not guaranteed.

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