It’s been a blessing to be asked to appear on our local news stations over the years. Today was another such day. We covered several topics including the historically low number of listings and how there are too many Realtors for that low amount.
Today’s topic was the disturbingly low level of housing inventory in our market. It’s so low that it’s clear many real estate agents will be out of a job before year’s end.
Too Many Realtors?
Here’s an excerpt from the Wave3 news story quoting me. They called it: Too Many Realtors, Not Enough Houses.
“Because the variables are the way they are, inventory is so incredibly low, that the Realtors themselves, the real estate professionals, are having a very hard time staying in business,” Louisville realtor Tre Pryor, the editor of Louisville Homes Blog, said. “I would wager a large group of Realtors is going to go out of business this year.”
Given the cyclical nature of things, this situation should improve itself if free markets are allowed to function. The question is just how long will it take for things to return to “normal.”
I’ve also kept links for past interviews if you’re interested. And like always, if you have any questions about Louisville’s local real estate market, please contact me because I’m always happy to help!
Previous interviews with Tre Pryor:
- WAVE3 News Interviews Tre Pryor Regarding Low Housing Inventory in Louisville (March 18, 2021)
- Louisville home sales remain surprisingly strong in spite of COVID and protests (September 28, 2020)
- Louisville investors bullish on home improvement, not the stock market (February 10, 2018)
- What ‘neighborhood schools’ means for JCPS (February 27, 2017)
