Prospect Ky Real Estate | Market Action Index Getting Worse

On a few of my other blog sites, I have recently written an article or two about the current real estate market in Prospect Ky. Here is a chart that I did not share on any of those sites, but still found it interesting. According to the good folks at Altos Research, where I get most of my data, a market action index for any area that is below 30 falls squarely into a buyer's market, with the lower the number being indicative of just how far into that buyer's market your area is. With that in mind, let's look at the chart above. On September 17th of this year, the Median Market Action Index for Prospect Ky was just at 19, a solid buyer's market. Now, about one month later, maybe five weeks, the measurement is 12, a pretty steep fall. The good news is that this may just be normal fluctuation in the market conditions. But the bad news remains: Even if you even things out a bit and look at a rolling 90 day trend line, Prospect is still looking at a Market Action Index of about 15, hardly anything to cheer about.

If you have any questions about Prospect Ky real estate, or Louisville real estate in general, please visit my website at www.GregFly.com. Also, please feel free to call anytime or send me an email at greg@gregfly.com.