Lee Murphy - Realtor

Lee Murphy - Realtor Realtor, Torrey Smith Realty, LLC I work with both Sellers and Buyers to provide them the best service possible.

I love working in real estate, it is a passion of mine, I have lived in the shelby county area my whole life and I know the area very well. My mission when working with Clients is to first listen to there needs , find properties that fit and then guide them through the process on how to buy or sell. If you need at agent that listens , call me today

True or false: if a house around here has been sitting a month, something's wrong with it. 🤔 Answer honestly in the comm...
09/02/2026

True or false: if a house around here has been sitting a month, something's wrong with it. 🤔

Answer honestly in the comments before you scroll — I want to see how the split lands.

Here's the actual number. Homes that sold in Shelby County last month took 44.9 days on the market, on
average. That's about six and a half weeks. Stretch it across the last twelve months and the average is
right around 48 days.

So a house that's been listed three weeks isn't a warning sign. It's just a house that's been listed
three weeks.

And here's the part that settles it. Those same homes closed at 96.4% of their ORIGINAL asking price. If
"sitting" automatically meant "overpriced," that number would be a whole lot uglier than it is.

What it actually means depends which side you're standing on:

Buyers — the listing you scrolled past because it's been up 40 days is very likely just fine, and the
seller has had 40 days to think it over. That's leverage, not a red flag.

Sellers — don't panic on day 21. Panic pricing costs more than patience does. Day 90 is a different
conversation, and if you're there, let's have it.

True or false? 👇 And if you want to know how long homes like yours are actually taking on your street —
not countywide, your street — send me a message. I'll pull the real number for you. No charge, no pitch.

— Lee Murphy, Torrey Smith Realty

Serious question for anyone sitting on the fence right now: what would the monthly payment have to bebefore you'd start ...
08/27/2026

Serious question for anyone sitting on the fence right now: what would the monthly payment have to be
before you'd start looking again? 🏡

I ask because almost everybody has a number in their head, and almost nobody has checked it against the
actual math lately.

So here's the actual math. The median home sale in Shelby County this July was $336,495. At this week's
rate — 6.65% on a 30-year fixed, 20% down — that's about $1,728 a month in principal and interest.

Now the part that surprised me. Run the exact same math on this time last year: the median was $339,995
and the rate was 6.58%. That payment came to $1,734.

Six dollars. A full year of waiting moved the payment by six dollars.

I'm not telling anybody to go buy something. If rates come down I'll be the first one glad about it. But
if you've been waiting for the math to fix itself, it hasn't — and the number you're holding out for
might already be closer than you think.

Two honest notes so nobody gets surprised: that figure is principal and interest only, so taxes and
insurance sit on top of it. And 20% down is not the only door — at 10% down, that same house runs about
$1,944.

Drop your number in the comments 👇 or send me a message and I'll run your actual scenario — your price
range, your down payment, your credit. Takes me ten minutes and costs you nothing.

— Lee Murphy, Torrey Smith Realty

Quick poll before I show you my own numbers 👇 When a house has to drop its price, how much longer do you think it ends u...
08/20/2026

Quick poll before I show you my own numbers 👇

When a house has to drop its price, how much longer do you think it ends up taking to sell?

A) About the same
B) Two weeks longer
C) A month longer
D) Two months longer

Pick one in the comments before you scroll. Then here's what my own closings actually say.

I've closed 13 listings so far this year. Three of them had to reduce their price at some point. Those three took an average of 93 days to sell.

The seven that never touched their asking price? An average of 35 days.

Fifty-eight days apart. (So — D.)

And it gets worse for the price-cutters. The ones that reduced ended up closing at about 95.4% of what they originally asked. The ones that never reduced closed at about 98.4%. So they waited two months longer AND landed further from their number.

One honest caveat, because I'd rather you trust me than be impressed by me: one of those seven was a land tract that sat 98 days without ever changing price, so the "no cut" group isn't spotless. The gap is still real, and I see it show up year after year.

Here's the whole point. The price cut isn't what fixes a listing. Getting it right in the first two weeks is. Buyers around here see everything the day it hits, and a house that's been sitting starts to make people wonder what's wrong with it — usually nothing is. 🏡

For reference, the Shelby County average in July was 49 days.

So where'd you land — A, B, C or D? Tell me below. And if you're thinking about selling this fall, message me and I'll show you exactly where your price should start. No charge, no pressure either way.

— Lee Murphy, Torrey Smith Realty

True or false: "If you're going to sell, wait until spring. Nobody buys a house in the fall." 🍂Answer in the comments be...
08/18/2026

True or false: "If you're going to sell, wait until spring. Nobody buys a house in the fall." 🍂

Answer in the comments before you scroll — I want to see how the split goes.

Here's what our MLS actually says. Homes that sold last fall in Shelby County — September, October, November — took an average of 38 days to sell. Homes that sold this spring took 58 days.

Twenty days faster. In the season everybody tells you to avoid.

September was the busiest month of the whole past year, too: 72 homes sold, and they moved in 32 days on average. Fastest month on the board.

And fall sellers didn't pay for that speed. They closed at about 95.8% of their original asking price. Spring sellers got 95.5%. Basically identical.

Here's the part I think actually explains it: 262 homes came on the market this spring versus 224 last fall. Roughly the same pool of buyers, more houses competing for them. Having fewer neighbors on the shelf next to you is worth something.

I'm not saying rush. There are plenty of good reasons to wait for spring — kids in school, a job change, a kitchen you want finished first. Just don't wait because you think fall is dead around here. The numbers say the opposite.

So — true or false? Tell me below 👇 And if you've been going back and forth on when to list, message me and we'll talk through what makes sense for your situation. No pressure either way.

— Lee Murphy, Torrey Smith Realty

Which would you rather: a house built in 1955 with real character — creaky floors, thick trim, a porch built for sitting...
08/17/2026

Which would you rather: a house built in 1955 with real character — creaky floors, thick trim, a porch built for sitting — or something finished last year that nobody has ever lived in? 🏡

No wrong answer. But I pulled our MLS this morning and the split around here surprised me.

Shelby County has 144 homes for sale right now. Only 14 of them were built before 1970. That's about one in ten. Meanwhile 55 — nearly four in ten — were built in 2020 or newer.

Here's the part nobody's posting: the brand-new ones are the ones sitting. 18 of those 55 have been on the market over 100 days. So new construction isn't the scarce thing around here. The old house with good bones is.

Plainly: if character is what you're after, you're shopping a list of fourteen — worth having somebody watching it for you. If you want new, you've got options, time, and more room to ask than most people realize. Nobody needs to rush either way.

So which are you — old soul or brand new? Tell me in the comments 👇 And if you want to know the day one of those fourteen changes, message me and I'll keep an eye on it for you.

— Lee Murphy, Realtor
w/Torrey Smith Realty Co., LLC

New ListingThree barns. A greenhouse. A pond. Five acres. 🌾JUST LISTED — 7049 Benson Pike, Shelbyville$550,000 | 3 bed |...
08/16/2026

New ListingThree barns. A greenhouse. A pond. Five acres. 🌾

JUST LISTED — 7049 Benson Pike, Shelbyville
$550,000 | 3 bed | 1.5 bath | 2,390 sq ft | 5 acres

Room for animals, equipment, a woodshop, a garden — whatever you've been needing space for. And a comfortable house to live in while you do it.

Tell me what you'd put in those barns 👇 Or message me and let's go walk it.

— Lee Murphy, Torrey Smith Realty
502-523-3403 | MLS # 1726439

Fill in the blank for me: "The last time I actually knew what my house was worth was ______." 🏡 Be honest. For a lot of ...
08/16/2026

Fill in the blank for me: "The last time I actually knew what my house was worth was ______." 🏡

Be honest. For a lot of folks around here the answer is "the day I bought it."

So here's the number, straight off our MLS this morning: the typical Shelby County home sold for $336,495 last month. Over the last twelve months the median is up about 4% from the twelve months before that. Quietly. No headlines, no frenzy.

But here's the part I'd want to know if it were my house — the average Shelby County seller closed at 95.2% of their ORIGINAL asking price. So values are up, and most sellers still came down off their first number before they sold. Being worth more and pricing right are two completely different jobs. 📉

And the typical home took about 49 days to sell. Seven weeks. That's normal for us right now, not a warning sign. Nobody needs to panic and nobody needs to rush.

If you're curious what yours would bring today, message me the address and I'll run the real numbers and send them over. No cost, no listing pitch, no sign in your yard. Just the number.

Now fill in that blank for me in the comments 👇

— Lee Murphy, Torrey Smith Realty

Serious question for my Shelby County folks: how many acres is *enough* acres? 🐴 Half an acre and a good porch? Five and...
08/12/2026

Serious question for my Shelby County folks: how many acres is *enough* acres? 🐴

Half an acre and a good porch? Five and a garden? Or nothing under twenty and please don't talk to me about neighbors?

I pulled our MLS this morning because I got curious. Right now there are 144 homes for sale in Shelby County. 44 of them sit on 5 acres or more — which sounds like plenty. But only 9 of those are priced under $600,000, and only 4 under $450,000. 🌾

Here's the part that surprised me though: those nine aren't flying off the shelf. They're averaging about 68 days on the market — longer than a typical home around here. So it's a strange little corner of our market. Not many options, but real room to negotiate on the ones that are out there.

Translation: know your acreage number before you shop, get your financing lined up, and then don't let anybody rush you.

So what's your number — half an acre, five, or twenty? Tell me in the comments 👇 And if country living is the actual plan, message me and I'll set you up to see these the day they hit.

— Lee Murphy, Torrey Smith Realty

08/11/2026

Tag someone who keeps saying they're "waiting for rates to drop" 👇

I get it. Freddie Mac put the 30-year average at 6.69% last week — the highest it's been in about a year. But here's the part nobody's posting about:

Right now there are 169 homes for sale in Shelby County. That's up about 29% from March, and the average one is taking around 49 days to sell. 🏡

More homes sitting longer = more room to ask. Closing costs. Repairs. A rate buydown that actually lowers the monthly payment. Those asks are back on the table in a way they weren't two years ago — and a buydown can do more for your payment than waiting six more months for the market to move.

So which one would you ask for first — closing costs, repairs, or a rate buydown? Tell me in the comments 👇 Or message me and I'll show you what sellers around here are actually agreeing to right now. No pressure.

— Lee Murphy - Realtor
w/ Torrey Smith Realty Co., LLC

Sellers, fill in the blank: the fastest way to LOSE money on a home sale is ______ 👇I'll go first — it's overpricing it ...
08/05/2026

Sellers, fill in the blank: the fastest way to LOSE money on a home sale is ______ 👇

I'll go first — it's overpricing it in week one.

Here's what our MLS says about Shelby County last month: homes sold for an average of 97.2% of their most recent asking price, but only 95.0% of their ORIGINAL asking price. That gap is the price cut — about $7,400 on a median-priced home around here. And the average sale still took about 50 days. 🏡

Your listing gets the most eyeballs it will ever get in its first two weekends. Price it to win those two weekends and you usually don't have to chase the market down later.

Thinking about selling this fall? Message me and I'll do a free pricing read on your place — what it'd realistically sell for, and what I'd list it at. No pressure, no obligation.

— Lee Murphy,
502-523-3403
W/ Torrey Smith Realty

Address

529 Main Street
Shelbyville, KY
40065

Opening Hours

Monday 12am - 11:59pm
Tuesday 12am - 11:59pm
Wednesday 12am - 11:59pm
Thursday 12am - 11:59pm
Friday 12am - 11:59pm
Saturday 12am - 11:59pm
Sunday 12am - 11:59pm

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