Hot Sheet Update: Fresh Listings; Lower Mortgage Rates in the 6’s!

If you’re in the market for a home, now is the time to pay attention. Mortgage rates dipped into the 6% range yesterday, creating a window of opportunity for buyers looking to lock in a favorable rate. With today’s Hot Sheet showcasing some exciting new listings in Shelbyville, KY, this could be the perfect moment to make a move.

🏡 New Listings to Watch

1️⃣ 20 Pheasant Glen Ct - $365,000
A 4-bed, 3-bath home with 1,362 sq. ft. of above-grade finished space, nestled in the Pheasant Glen subdivision. Listed by Coldwell Banker Larry Rogers, this property offers plenty of room and a prime location.

2️⃣ 1308 Chestnut St - $225,000
A 1-bed, 1-bath home in the Ashland neighborhood. With 1,330 sq. ft., this listing from Weichert Realtors - H. Barry Smith Co. is a great option for those looking for a more manageable space in a fantastic area.

3️⃣ 109 Spring Leaf Ct - $329,900
Located in the Highlands of Summers, this 3-bed, 4-bath home boasts 1,741 sq. ft. and is listed by Parkside Realty. It offers modern living in a highly desirable neighborhood.


📉 Market Watch: Why Now is a Smart Time to Buy

With rates dropping into the 6’s, buyers have a rare opportunity to secure lower monthly payments. Lower rates mean higher purchasing power, allowing you to get more home for your money. The recent rate dip could be temporary, so serious buyers should consider acting fast.

💡 What This Means for Buyers & Sellers
• For Buyers: With inventory moving quickly, especially in desirable locations, competition will likely heat up. Pre-approvals and strong offers will be key to securing the right home.
• For Sellers: Lower interest rates often bring more buyers into the market, which could mean stronger offers and faster closings. If you’ve been considering listing your home, now might be the perfect time.

📞 Ready to Make a Move?

Whether you’re looking to buy or sell, Torrey Smith Realty Co., LLC is here to guide you through the process. Let’s take advantage of this moment in the market and find the right opportunity for you. Contact us today to get started!