Inventory Remains Steady
Louisville's home inventory remained steady in October at 4,475 active listings or a 2.9 month supply of homes. The average sale price of $200,000 was up 2% as competition for mid-priced homes continued. Days on the market rose slightly to 56 days, and the number of homes sold fell by 8% on overall short supply. The Greater Louisville Association of Realtors President commented that, "While there appears to be some seasonal slowing, the overall market is extremely strong and there remains a shortage of inventory in the moderate price ranges. The demand is strongest for properties in move-in condition, priced at or near the market value when they are initially listed for sale."