Louisville home inventory set a new record low at 1,650 active listings in February. That was down 50% vs 2020. Supply continues to shrink as buyers snap up homes with record low mortgage rates. Meanwhile, COVID-19 has kept many sellers on the sidelines. As a result, prices were up 10%.On the bright side, rapid vaccination progress, falling new COVID case loads, and dramatically rising home prices will likely prompt more sellers to put their houses on the market as Spring unfolds. This should ease the pressure on buyers, and it will present a great opportunity for sellers to sell at top dollar while having more choices on new homes to buy!
Rudy aka Rudolph The Real Estate Retriever will be glad to help find your new home!