The Louisville area real estate market continued to stabilize in November, as the number of homes listed for sale equaled the number of homes sold, tapping the brakes on an overheated market. Home inventory seems to have bottomed out this Fall at a 1.5 month supply of homes. For perspective, a six to eight month supply of homes is considered a balanced market.
That said, we remain in a strong seller's market as historically low mortgage rates are driving buyers to the market much faster than sellers are listing their houses.
A portion of each home sold by Penava Properties is donated to The Kentucky Humane Society. Happy Holidays!