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®

Weekly Market Report

March 22, 2020

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®

ACTIVE INVENTORY

5 Y E A R T R E N D I N G | A C T I V E L I S T I N G S & M O N T H S O F I N V E N T O R Y

SIX MONTHS AGO

C U R R E N T

ONE YEAR AGO

FROMLAST YEAR

FROMLAST YEAR

FOUR WEEKS AGO THREE MONTHS AGO

SIX MONTHS AGO ONE YEAR AGO

FOUR WEEKS AGO THREE MONTHS AGO

SIX MONTHS AGO ONE YEAR AGO

FOUR WEEKS AGO THREE MONTHS AGO

ACTIVE LISTINGS

AVERAGE LISTPRICE

MONTHS OFINVENTORY

Months of Inventory (MOI) isthe amount of time it wouldtake to sell all current listings atthe current sales pace. MOI iswhat most professionals in thebusiness use to determinewhether it is a Seller’s Market,a Buyer’s Market, or aBalanced Market. To calculateMOI, we divide the number ofcurrent active listings by thenumber of listings sold in thelast 30 days.

2.0

3.0

4.0

5.0

6.0

7.0

8.0

10001500200025003000350040004500500055006000

2016

2017

2018

2019

2020

Active Listings Months of Inventory

M O N T H S O FI N V E N T O R Y

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.

FROMLAST YEAR

2,566

$368K

2.2

March 22, 2020

2,546 3,162

3,737 2,93813%DOWN

$356K $326K

$349K $373K1%DOWN

2.6 2.7

2.6 2.615%DOWN

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®

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

FROM LAST YEAR

FROM LAST YEAR

FROM LAST YEAR

AS OF MARCH 22, 2020

1,159

983

1,168

1,425

1,136

2%UP

$228K

$220K

$230K

$231K

$222K

51

57

43

37

52

3%UP

2%DOWN

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

0-30 Days

31-60 Days

61-90 Days

91-120 Days

120+ Days

92% 93% 94% 95% 96% 97% 98% 99%

List-toSale Ratio(%)

This ratio is calculated by dividing theactual sales price by the home’s final listprice and express it as a percentage. Thiscan help buyers and sellers negotiate onpricing. For example, an average list-to-sale ratio of less than 100 percent showsthat sellers generally accept less than theirasking prices in that particular market.Home seekers may be able to secure theproperty by making an offer that reflectsthe average discount that buyers arereceiving. Sellers reviewing the list-to-saleratio can see at a glance whether their listprice is too low or too high, and adjust thelist price accordingly.

L I S T T O S A L E R AT I OL I S T T O S A L E R AT I O

B Y M A R K E T T I M E

Days on Market (DOM) is the period of time a property isactive on the Multiple Listings Service before a conditionaloffer is accepted. Simply put: it’s a measure of how manydays a home takes to sell.

DOM is closely watched as it is an indicator of how strongthe housing market is. The lower the DOM suggests it is aseller’s market. The higher the DOM usually suggests it’s abuyer’s market.

AVERAGE DAYSON 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.

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.

51

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®

4.59%5.67%

6.78%8.23%

3.35% 3.35% 3.35% 3.35%

6.70%

8.52%

11.26%

18.45%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

MILLENNIALS GEN X YOUNGER BABY BOOMERS OLDER BABY BOOMERS

Average Minimum Maximum

3 0 Y E A R F I X E D M O R T G A G E R AT E SF R O M A G E N E R A T I O N A L S T A N D P O I N T

G E N X

Y O U N G E RB A B Y B O O M E R S

O L D E RB A B Y B O O M E R S

$200K

M I L L E N I A L S

H I S T O R I C AV E R A G E M O R T G A G E P AY M E N T S S E E N B Y G E N E R A T I O N

$1,024.09

$1,301.19

$1,157.00

$1,499.72

*Mortgage payment is principle and interest only.

*Historical rate information sourced by fred.stlouisfed.orgInformation deemed reliable, but not guaranteed.

(Rates from 2007-2019) (Rates from 1997-2019) (Rates from 1987-2019) (Rates from 1977-2019)

M O R T G A G E R AT E S

2

3

4

5

6

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Monthly mortgage cost on $200K home

with currentinterest rate

3.36%

883$

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®

I N V E N T O RY, S A L E S & M A R K E T C O N D I T I O N B Y P R I C E

LESS THAN 6 MONTHShome prices will appreciate

BETWEEN 6 – 7 MONTHSHome prices will only appreciate

with inflation

GREATER THAN 7 MONTHSHome prices will

depreciate

S E L L E R ’ S M A R K E T B A L A N C E D M A R K E T B U Y E R ’ S M A R K E T

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.

DATA FOR LAST 30 DAYS AS OF MARCH 22, 2020

Price RangeActive Listings

Percent of Inventory

Last 30 Days Sales

Percent of Market

Current Months of Inventory

Avg DOM

Market Condition

$0-25K 22 0.9% 9 0.8% 2.4 62 SELLER'S$25-50K 79 3.1% 34 2.9% 2.3 53 SELLER'S$50-75K 92 3.6% 54 4.7% 1.7 41 SELLER'S$75-100K 105 4.1% 49 4.2% 2.1 48 SELLER'S$100-125K 121 4.7% 89 7.7% 1.4 39 SELLER'S$125-150K 153 6.0% 124 10.7% 1.2 30 SELLER'S$150K-175K 153 6.0% 143 12.3% 1.1 41 SELLER'S$175-200K 137 5.3% 114 9.8% 1.2 44 SELLER'S$200-225K 127 4.9% 102 8.8% 1.2 43 SELLER'S$225K-250K 153 6.0% 99 8.5% 1.5 60 SELLER'S$250-275K 117 4.6% 62 5.3% 1.9 45 SELLER'S$275-300K 133 5.2% 57 4.9% 2.3 73 SELLER'S$300-350K 226 8.8% 80 6.9% 2.8 62 SELLER'S$350-400K 244 9.5% 37 3.2% 6.6 61 BALANCED$400-450K 162 6.3% 33 2.8% 4.9 64 SELLER'S$450-500K 101 3.9% 19 1.6% 5.3 87 SELLER'S$500-550K 99 3.9% 11 0.9% 9.0 119 BUYER'S$550-600K 74 2.9% 13 1.1% 5.7 176 SELLER'S$600-650K 41 1.6% 6 0.5% 6.8 94 BALANCED$650-700K 39 1.5% 5 0.4% 7.8 132 BUYER'S$700-750K 24 0.9% 2 0.2% 12.0 NA BUYER'S$750-800K 20 0.8% 5 0.4% 4.0 15 SELLER'S$800K + 144 5.6% 12 1.0% 12.0 116 BUYER'STotal 2,566 100.0% 1,159 100.0% 2.2 51 SELLER'S

Note: If last 30 days of sales have less than 5 units in a price band range, Days on Market (DOM) is NA.

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®

I S YOUR HOME IN THE MARKET, ON THE MARKET, OR OFF THE MARKET? A LOOK AT

PR ICE VS CONDIT ION: