Louisville Home Inventory Levels Out
Louisville's home inventory steadied in September as the epic seller's market begins to wind down. Total home inventory ticked up to 4,525 active listings or a 2.95 month supply of homes. The average sale price of $210,000 was up 5% as competition for many homes remained strong. Days on the market rose slightly to 54 days, and the number of homes sold fell by 7% on limited overall supply. The Greater Louisville Association of Realtors President commented that, "Homes under $300k are still selling at a very brisk pace. At the same time, the inventory of homes in higher price ranges is improving for buyers and making it a little tougher for sellers."