Here is a quick look at the 2017 third quarter real estate market report for Trigg county. This regards single family homes and all data is derived from the Western Kentucky Regional MLS database.
Single family home sales improved dramatically during Q3 of 2017 compared to the same time period in 2016. This year 54 homes sold in the third quarter while only 36 sold in Q3 of 2016. Average sales price increased from $154.2 in Q3 2016 to $195.6K in this years 3rd quarter. This is a reflection of more higher priced homes being sold.
Perhaps the most interesting information comes from active and pending home sales information. Inventory ( houses actively on the market for sale) has begun the seasonal decline. Each of the preceding 4 weeks have shown few available homes on the market. Demand, as measured by the number of Pending or Contract Received listings, has remained steady. Demand is still strong but there are fewer homes for Buyers to look at. This condition will result in either the price of homes increasing or demand slowing down and causing a slow down in purchased homes.
Inventory is all important here. If you have been considering listing your property, there may not be a better time to do it than now.