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Should You Be Buying or Selling in the Louisville Market?

The Louisville real estate market has slowed recently due to all the kids being back in school. Our absorption rate is at a 3.5 month supply, though, so it’s still a seller’s market.

I’m in my car enroute to another listing and wanted to take a moment to talk to you today about the current real estate market. Should you be buying or selling?

As you may have heard, the market has slowed down a bit, and that’s because all the kids are back in school. The absorption rate as of a couple of days ago was at a 3.5 month supply. In understanding this, you must know that anything less than a five-month supply is considered a seller’s market, anything in between five and six months is a neutral market, and anything over six months is considered a buyer’s market .

The market has slowed down a bit.

If you’re thinking of selling, now may be the time. If you wait until spring, you may be up against a lot of other homes, and the absorption rate could be as high as five months. At the very least, you can request a Realtor such as myself to come out to your house and fine-tune it before listing. 

If you put a $10,000, or $20,000, or $30,000 spread on a $200,000 home, you’re priced well over other homes in your neighborhood. If a buyer is looking at two similar homes and one is lesser-priced, they’re going to opt for that home. That’s why you want to be priced to sell in this current market. 

If you’re a buyer, you obviously know that inventory is in tight supply. The only way to get a good home in your case, then, is to get out on the same day that it goes on the market, see it, and make an offer. You want to consider that most sellers have put the home on the market that is very close to their bottom dollar. Make an offer but don’t go lowballing because that will only insult the seller. It’s also a good idea to make sure that you’re pre-qualified by a lender beforehand.

If you have any more questions about buying or selling or would like our help in helping you list your home, just give me a call or send me an email. We look forward to working with you. 

July 10, 2016 Bob Sokoler The Louisville Real Estate Show on 840 WHAS


You can listen to our latest Radio Show here! Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

July 3, 2016 Bob Sokoler The Louisville Real Estate Show on 840 WHAS

You can listen to our latest Radio Show here! Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

A First-Hand Look of the Latest Real Estate Tech



Selling a Louisville home? Get a free home value report  
Buying a Louisville home? Search all homes for sale 


I’m here in San Francisco in a crowded room full of talented real estate agents. I’m working my way through the room at the Inman Innovator of the Year awards. This amazing event was started by Brad Inman, a former reporter who started his own website, inman.com for reporting on trends in the real estate industry.

I’m honored to be a nominee for “Innovator of the Year” and I couldn’t pass up a trip to the Bay Area to see some of the latest innovations in real estate. Before I talk about those, let’s go over a quick update on what’s going on in the Louisville real estate market.

Louisville is a hot seller’s market.
The market is very hot in Louisville and we’re seeing consumers who are not able to find the right home because of limited inventory. The absorption rate, a measurement of how long it takes homes to sell, shows we have a 3.5-month supply of homes. A seller’s market is typically anything below five months.

Back to the Inman event, where we are checking out a number of different products either being used by consumers now or are on their way to consumers in the near future. One of these products that we’ve been using for a year and a half now is the Matterport 3D Camera. It allows us to get great virtual home tours for our listings, and even offers outside views from the front and back doors of the home. They are also working with the Samsung VR on virtual reality home tours.

Another company we use, Docusign, is continuing to make it easier for you as a homeowner to sign documents for your home. You can sign wherever you go and do it right from your mobile device.

Utility Score is a startup company that will help you determine how much a home will cost, not just in price, but in utilities as well. They provide personalized recommendations on ways to save energy and water in your house. They can tell you how much you’ll pay for those things before you even buy the home.

Finally, a new website called PlanetRE will help find homes for you within a predetermined commute to work, proximity to a school, accommodating to a specific lifestyle, and more.

That’s just a quick look at some of the exciting technology coming to the real estate market. If you have any questions for us or if you’re looking to buy or sell, give us a call or send us an email. It’s a great time for both!

August 7, 2016 Bob Sokoler The Louisville Real Estate Show on 840 WHAS


You can listen to our latest Radio Show here! Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.