The Prospect Ky homes for sale market seems to be in better shape today than it was a year ago this time, but in worse shape than just a few months ago, leaving us a bit up in the air when trying to decide where we stand. However, to keep things in perspective, the Prospect Ky real estate market is definitely in worse shape overall than some other parts of town, due largely in part to higher asking prices in Prospect, and the slow sales numbers for higher priced homes. But if we look only at Prospect, we can see that we had a market action index of about 12.5 last year, and saw that value rise all the way to 16 in the summer months. Please note that 16 is still well inside the Buyers Market measurement, and that other parts of Louisville were looking at measurements around 20 at the same time. Since the summer months, and in the last few weeks in particular, we are now looking at a market action index of under 14.00, which is not the direction we want to be heading in.
Greg is a Realtor in Louisville Ky, former glassblower, husband to one, father of two, brother to seven, uncle to 20 and a lover of cooking and eating well.
