Louisville area real estate activity began to accelerate in March. Home inventory rose slightly to 3,650 active listings or a 2.5 month supply of homes. The total number of properties sold in March was down 6% vs prior year; however, it was up 24% vs February. And, the average home was on the market for 75 days.
The Greater Louisville Association of Realtors President commented that, "Our members are now seeing the typical early spring pick-up in listings and showings. We continue to see move-in ready, moderately priced homes sell quickly. Homes that are priced slightly above market value will sit for longer periods."