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Louisville Real Estate Market Statistics [2018 Trends]

Posted by Nathan Garrett on Saturday, September 8th, 2018 at 4:10pm.

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 August 2018.

Louisville KY Real Estate Market - August

Number of Homes Sold: 1275
Median Sale Price: $181,900
Days on Market: 31
New Construction Last Month: 45

 

Homes for Sale

Louisville Real Estate Market-August 2018

Louisville Housing Market Report 2018

Looking at the statistics from the Greater Louisville MLS, compared to August 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 June is up 7.5% compared to the previous year. SP vs LP (percentage of list price and the actual sold price) is up to 98.84%.

August 2018 Louisville Housing Statistics

  • Median Sale Price: $181,900 (Up +7.5% from August 2017)
  • List To Sale Price Ratio: 98.84% (Up +1.1% August 2017)
  • Days on the Market: 31 Days (Down -6.0% August 2017)
  • Total Sold Listings: 1,275

Data shows that the June 2018 Louisville housing market continues to stay in the Seller's favor because of the low inventory. Homes on average, are selling within 31 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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