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Louisville Real Estate Market Statistics [2018 Trends]

Posted by Nathan Garrett on Saturday, January 6th, 2018 at 4:30pm.

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 December 2017.

Louisville KY Real Estate Market - December

Number of Homes Sold: 910
Median Sale Price: $170,000
Days on Market: 40
New Construction Last Month: 25

 

Louisville Real Estate Market-December 2017

Louisville Housing Market Report 2018

Looking at the statistics from the Greater Louisville MLS, compared to December 2016, the data shows that homes are selling slightly faster. Inventory continues to lag behind the buyer's demand. Median sale price for Louisville real estate is up just over 4% compared to the previous year. SP vs LP (percentage of list price and the actual sold price) is slightly down to 97.01%.

December 2017 Louisville Housing Statistics

  • Median Sale Price: $170,000 (Up +4.93% from December 2016)
  • List To Sale Price Ratio: 97.01% (Down -0.30% December 2016)
  • Days on the Market: 40 Days (Down -4.76% December 2016)
  • Total Sold Listings: 910

Data shows that the December 2017 Louisville housing market continues to stay in the Seller's favor because of the low inventory. Homes on average, are selling within 40 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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