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 August 2021.
Louisville KY Real Estate Market - August
| Number of Homes Sold: | 1,246 |
| Median Sale Price: | $229,950 |
| Days on Market: | 15 |
| New Construction Last Month: | 57 |
Current Louisville market - 10 Year Trend
We have had the second-best July in Louisville real estate for the last ten years! The number of sales for July was 1,316. This is up 3.16% from this time last year.
Line chart for Louisville real estate sales over the last 10-years.
Showings are still going strong but are down from the month before. As seen in the graph below, showings are down -0.7% compared to this time last year. This is the lowest year-over-year increase in the last 12-months. This may be an indication that buyer demand is starting to let off.
Image Source: ShowimgTime Showing Index
Louisville Housing Market Report 2021
Looking at the statistics further from the Greater Louisville MLS, compared to August 2020, the data shows that homes continue to sell at a fast pace. There is still some uncertainty about how the real estate market will be affected long term. However, with the median sale price up 2.2% compared to last year and the average days on market is down -46.4%. Things are still looking pretty good for the Louisville real estate market.
August 2021 Louisville Housing Statistics
- Median Sale Price: $229,950 (Up +4.15% from August 2020)
- List To Sale Price Ratio: 100.1% (Up +1.4% from August 2020)
- Days on the Market: 15 Days (Down -46.4% from August 2020)
- Total Sold Listings: 1,246 (Up +4.15% August 2020)
Homes on average right now are selling within 15 days on market. Over the years we have seen a great increase in home prices around the Louisville area. Right now may still be a great time for homeowners that are thinking about selling because of the continued lack of listings but it looks like that could be shifting soon. The only question is when and how soon?
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
Posted by Nathan Garrett on
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