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Regional Market Snapshot for December 9, 2012 ~ Louisville, Elizabethtown, Southern Indiana
Are you in the market for a new home or condominium in the Louisville Kentucky area? Are you looking to move to Elizabethtown or Fort Knox? Would you like to learn more about Southern Indiana homes for sale (including Charlestown, New Albany, Corydon, and more)? This Regional Market Snapshot can help you find out what’s available and what to expect from homes that are currently on the market – or have been on the market in the past 30 days or 12 months.
For instance, in Southern Indiana:
- There are currently 7.9 months of inventory active (this is the amount of time it would take to sell all current properties for sale in the Southern Indiana area, if no more properties were to be listed).
- There have been 316 new listings in the Southern Indiana area in the last 30 days.
- The average sales price over the last 12 months for homes in Southern Indiana was $128,972.
You can find additional relevant real estate information by clicking on the image above. Also, for area-specific statistics, click here.
Kentucky and Indiana Mortgage Rates for December 11, 2012
Below you can see the mortgage rates from December 11, 2012.
Please click the image below to view additional mortgage rates.
These rates are provided to you by HomeServices Lending. Semonin Realtors® is not a mortgage lender; please contact HomeServices Lending directly to learn more about its mortgage products and your eligibility for such products.
Kentucky and Southern Indiana Regional Market Snapshot for December 2, 2012
We can learn a lot about the local real estate market simply by looking at the statistics presented here in the Louisville, Elizabethtown and Southern Indiana Regional Market Snapshot.
For instance, we can see that in the Greater Louisville area, buyers have purchased 780 homes in the last 30 days. In Southern Indiana, the average list price of homes for sale is currently $154,074. Over the last 12 months, homes sold for 95.9% of their listed price in the Elizabethtown/Fort Knox area.
You can click here or on the image to the left to find out more real estate statistics. Check back each week to see how the market has changed.
Kentucky and Indiana Mortgage Rates for December 4, 2012
Below you can see the mortgage rates from December 4, 2012.
Please click the image below to view additional mortgage rates.
These rates are provided to you by HomeServices Lending. Semonin Realtors® is not a mortgage lender; please contact HomeServices Lending directly to learn more about its mortgage products and your eligibility for such products.
Poll: What Have You Let Slide Until it Became Out of Control?
As adults, we have to choose our priorities, especially when it comes to keeping up a home. Sometimes there are things we overlook because their importance is too insignificant at the time, and we have bigger things to worry about. But left undone, sometimes those small things can turn into much larger tasks.
5 Reasons to Buy a Home Now Instead of the Spring
by The KCM Crew, http://www.kcmblog.com
Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:
Supply Is Shrinking
With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.
Price Increases Are on the Horizon
Prices were expected to bounce along the bottom this winter. However, many pricing indices (examples: CoreLogic, FHFA, LPS, Case Shiller) are reporting that prices are continuing to rise.
Rents Are Skyrocketing
Rents historically increase by 3.2% on an annual basis. A study issued earlier this year projects rent increases of 4% for the next two years. Trulia recently reported that rents this year have actually shot up by 5.4%.
Interest Rates Are Projected to Rise
The Mortgage Bankers Association has projected that the 30-year mortgage interest rate will be 4.4% by the end of 2013. That is an increase of approximately one full point over current rates.
Buy Low, Sell High
We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’. It’s time to buy.
Kentucky and Indiana Regional Market Snapshot for November 25, 2012
Do you know a lot about real estate? Could you tell someone how the Louisville area real estate market is doing? How about homes for sale in Southern Indiana? Do you think you could give statistics on Elizabethtown or Fort Knox real estate?
Keep checking here (the Semonin Real Estate Blog) and you can. This Regional Market Snapshot gives statistics for all these areas; these numbers include the number of unsold residential listings currently on the market, the number of listings sold in the last 30 days, and the average sales price of properties over the last 12 months. And, yes, there are many other statistics. Click here, or on the image above to find out more!
You can even bookmark the Semonin Realtors Market Update site.
Kentucky and Indiana Mortgage Rates for November 27, 2012
Below you can see the mortgage rates from November 27, 2012.
Please click the image below to view additional mortgage rates.
These rates are provided to you by HomeServices Lending. Semonin Realtors® is not a mortgage lender; please contact HomeServices Lending directly to learn more about its mortgage products and your eligibility for such products.
