Louisville home inventory at 2,725 active listings was down a stunning 34% vs last year in June. Total home sales closed were up 4% and pending sales were up 10%, while new listings were down 8%. This is leading to an epic inventory shortage as buyers snap back from the impact of COVID-19 much faster than sellers.
This has created a tremendous opportunity for sellers!
The Greater Louisville Association of Realtors President said, "Closings in June rebounded strongly with pent up demand from buyers. The real issue now is the very low level of inventory. For sellers that are comfortable moving forward, now is the time to make a move."
Interested in selling? Call me at (502) 235-4960 for a free market value estimate on your house!
