Louisville Real Estate News | Jacksonville Real Estate News

Louisville Real Estate Headlines | October 2018

Posted 2018-11-08

Louisville area home inventory ticked up slightly in October to 4,450 active listings or a 2.9 month supply of homes. The total number of homes sold was flat vs prior year as higher mortgage rates, political uncertainty, and rising prices restricted demand. The average sale price of $217,000 was up 9% driven by an increased percentage of higher-end sales. And, the average property sold in just under 50 days.

The Greater Louisville Association of Realtors President commented that, "Our members are seeing the typical seasonal slowing of activity, coupled with a broader normalization in the market. With that said, we're still seeing move-in ready moderately priced homes sell quickly."

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