The Greater Louisville Association of Realtors President commented in the most recent press release, “The sellers’ market continued in full force during May, in virtually every price range. Buyers often have to make several offers before getting a home under contract. Buyers also are making modifications to the normal inspection, appraisal and possession portions of the purchase agreement to make their offers more attractive to sellers.”
The Chief Economist for the National Association of Realtors® noted that "More housing inventory will reach the market in a few months, certainly by autumn. The mortgage forbearance program will steadily wind down, leading to further available inventory. Moreover, the progress in vaccination among elderly homeowners will lead to normal life activity, including home sales that had been postponed since the onset of the pandemic."