Louisville Real Estate Market Statistics [2018 Trends]
Posted by Nathan Garrett on Monday, December 10th, 2018 at 9:45am.
A quick look at the local Louisville housing market and the current average home prices in Louisville KY. Numbers and statistics for Louisville real estate are gathered from our local Louisville MLS for the month of November 2018.
Louisville KY Real Estate Market - November
| Number of Homes Sold: | 860 |
| Median Sale Price: | $178,500 |
| Days on Market: | 37 |
| New Construction Last Month: | 36 |
Louisville Housing Market Report 2018
Looking at the statistics from the Greater Louisville MLS, compared to November 2017, 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 in the month of November is up 5.06% compared to the previous year. SP vs LP (percentage of list price and the actual sold price) is up to 97.78%.
November 2018 Louisville Housing Statistics
- Median Sale Price: $178,500 (Up +5.06% from November 2017)
- List To Sale Price Ratio: 97.78% (Up +0.29% November 2017)
- Days on the Market: 37 Days (Down -7.50% November 2017)
- Total Sold Listings: 860 (Down -9.47% November 2017)
Data shows that the November 2018 Louisville housing market continues to stay in the Seller's favor because of the low inventory. Homes on average, are selling within 37 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 but it looks like that may be shifting in the coming year.
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