Louisville Market Snapshot: Months of Inventory

Months of Inventory as of June 15, 2014

What is Months of Inventory? This term considers the amount of inventory currently on the market and the recent demand shown by buyers. As you can see from the graph in the image, the months of inventory in the Louisville market is currently around 5.3. This means if no more inventory were to come of the market, it would take approximately 5.3 months for buyers to purchase everything that is currently listed. This number indicates that we are in a seller’s market right now. Often in this kind of market, seller’s experience multiple offers and sell their homes in less time and for more money. If you have been thinking about selling, now is the time to get your house listed!

Greater Louisville Months of Inventory 6-15-14

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Posted on June 17, 2014, in Uncategorized. Bookmark the permalink. Leave a comment.

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