Louisville Real Estate News

Louisville Home Sales & Prices Up; Low Inventory Continues

Posted 2017-04-18

From the Greater Louisville Association of Realtors press release ...

The Greater Louisville Association of Realtors® (GLAR) reported sales up 4.67% year-to-date (YTD) for 2017. Sales totaled 3,608 for the first quarter versus 3,447 last year. With the continued lower inventory, the average price YTD was up 8.62% and the median price was up 6.55%.

For all MLS areas, the inventory of available properties was 19.14% lower than at the same time last year. In Jefferson County, the inventory of homes and condos for sale was also 21.52% lower than March 2016. Inventory in Oldham and Bullitt Counties was down 13.73% and 18.71%, respectively.

GLAR President Allison Bartholomew commented that, "Our members are still working in a very strong sellers' market for homes up to $400k. Between $400-600k the market becomes slightly more balanced and over $600k we're in a buyers' market in most areas due to the influx of new listings."

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