Inventory Drops at Year-end
Louisville's home inventory dropped along with the temperature in December to 3,850 active listings or a 2.5 month supply of homes. The average sale price of $217,000 was up 11% as competition for entry-level and mid-priced homes continued. Days on the market ticked up to 60 days, and the number of homes sold was down 3% on limited supply.
Greater Louisville Association of Realtors President Dave Parks commented that, "the inventory of starter homes remains low, but the inventory of mid and higher priced homes is beginning to return to historic levels." He also noted that, "interest rates have remained low this year, maintaining affordability for buyers in the area."