Louisville Real Estate Market Statistics [2017 Trends]

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Louisville Real Estate Market Statistics [2017 Trends]

Posted by Nathan Garrett on Thursday, November 2nd, 2017 at 11:30am.

A quick look at the local Louisville housing market and the current average home prices in Louisville KY. Numbers and statistics are gathered from our local Louisville MLS for the month of October 2017.

Louisville KY Real Estate Market - October

Number of Homes Sold: 956
Median Sale Price: $165,000
Days on Market: 36
New Construction Last Month: 18


Louisville Real Estate Market-October 2017

Louisville Housing Market Report 2017

Based on the statistics gathered from the Greater Louisville MLS, compared to October 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 real estate in Louisville for the first time this year fell short compared to the previous year. SP vs LP (percentage of list price and the actual sold price) has increased to 97.77%.

October 2017 Louisville Housing Statistics

  • Median Sale Price: $165,000 (Down -0.03% from October 2016)
  • List To Sale Price Ratio: 97.77% (Up +0.10% October 2016)
  • Days on the Market: 36 Days (Down -16.27% from October 2016)
  • Total Sold Listings: 956

Data shows that the October 2017 Louisville housing market continues to stay in the Seller's favor. Homes on average, are selling within 34 days on market. We have seen a 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. 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: ngarrett@garrettsrealty.com


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