The Louisville area real estate market slowed down a little in August as the school year started. Total sales of 1,775 homes were flat vs. July and below prior year. Prices were up 5%, and the average home sold fast in just under 50 days. Home inventory was steady at 4,300 active listings or a 2.9 month supply of homes.
The Greater Louisville Association of Realtors President commented that "We're continuing to see the trend of prices up 4-5% with unit sales down 2-3%. Multiple offers are still common for clean starter homes, and activity in the upper price ranges is more normal."