Continued record low Louisville area home inventory is driving faster and faster home sales.
The average home is on the market for just 25 days. However, that period of time often includes 7 - 10 days for the buyer to complete a home inspection. As a result, the average home is going under contract in about two weeks!
The Greater Louisville Association of Realtors President said, "We continue to have very tight housing inventory in Louisville and the surrounding counties. Sales volume is up year-over-year with the comparison to the 2020 figures at the beginning of Covid-19. Prices are also up measurably, especially for homes near and slightly above the average." The Chief Economist for the National Association of Realtors® noted that "Multiple offers are widely prevalent in today's national market."