Louisville area real estate activity steadied in April. Home inventory rose slightly to 3,725 active listings or a 2.5 month supply of homes. The total number of properties sold in April was down 12% vs prior year; however, it was up 1% vs March. And, the average home sold quickly at just over 60 days on the market.
The Greater Louisville Association of Realtors President commented that, "Our members continue to see average priced homes sell quickly, making it good for sellers. New listings of homes in the mid and upper price ranges have also improved buyer selection slightly in recent months. We anticipate the inventory to grow slightly heading into May."