Just a quick look at current statistics from the Western KY Regional MLS. The Trigg County real estate market continues to impress. Unit sales for single family homes is up 41% above same time sales for 2012. Year to Date Sale Price to List Price ratio is 92.7% Average Days on Market for sold Single Family units has averaged 199 so far this year. Inventory continues to grow from 166 units last week to 171 units this week. There are currently 19 S/F units under contract, down from 23 units last week. Beginning of the seasonal slow down?? Time and the market will tell. Regarding S/F sales in Trigg County in the last 60 days, the unit sales are up 42% over same time last year and the $/sqft paid for sold units averaged $72.69 / sqft.
Western Kentucky Region as a whole is showing a 5% increase in S/F home sales year to date with a Sale Price to List Price ratio of 93.44%. Average Days on Market for sold S/F homes is currently 153.
Watch those Mortgage Money Rates. They seem to have stabilized after several weeks of rate hikes but they bear watching. Each increase in the Mortgage rate reduces purchasing power for home buyers. Please note that lending institutions are beginning to push variable rate loans again. If you are comparing loans from different lenders, be sure you are comparing FIXED RATE loans for a specific time period (30 years). Be sure you understand what you are getting into before signing on the dotted line!!!