A quick look at the local Louisville housing market and the current average home price in Louisville KY. Numbers and statistics are gathered from our local Louisville MLS -- March 2017.
Louisville Housing Market Report
Based on the statistics gathered from the Greater Louisville MLS, compared to March 2016, the data shows homes continue to sell faster compared to the previous year. Inventory continues to lag behind the buyer's demand. Median sale price for Louisville real estate has increased by 11% from last March. The percentage of list price and actual sold price has slightly decreased to 97.42%.
Data shows that the March 2016 Louisville housing market continues to stay in the Seller's favor. Homes on average, are selling within 50 days on market. We have seen great increase in the home prices around the Louisville area. Right now is still a great time for a homeowner that is thinking about selling because of the continued lack of listings.
These numbers are from the Local MLS: Area of 00-Central Downtown District/Old Louisville, 01-Dtwn Old Louisville/Shively/West Lou, 02-Buchertwn/Hghlnds/Germantwn, 03-Clifton/Crescent Hill/St Matthews, 04-Pleasure Rdg/Valley Station/Shively, 05-Auburndale/Fairdale/IroquoisPrk/Shively, 06-Buchel/Hghvw/okolona/FernCreek, 07-FernCreek/Hikes Point/Jeffersontown, 08-DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt, 09-Anchrg/Glnvw/Lyndn/Prospct
Nathan Garrett is a local real estate agent in Louisville KY. Manager and creator of the GarrettsRealty.com website. He specializes in Real Estate in Louisville and Oldham County. Questions about buying a home? Send him an email: email@example.com