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Louisville Real Estate Market Statistics [2018 Trends]

Posted by Nathan Garrett on Monday, April 9th, 2018 at 4:15pm.

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 March 2018.

Louisville KY Real Estate Market - March

Number of Homes Sold: 924
Median Sale Price: $172,050
Days on Market: 44
New Construction Last Month: 30

 

Homes for Sale

Louisville Real Estate Market-March 2018

Louisville Housing Market Report 2018

Looking at the statistics from the Greater Louisville MLS, compared to March 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 March is up 11% compared to the previous year. SP vs LP (percentage of list price and the actual sold price) is up to 98.03%.

March 2018 Louisville Housing Statistics

  • Median Sale Price: $172,050 (Up +11.00% from March 2017)
  • List To Sale Price Ratio: 98.03% (Up +0.56% March 2017)
  • Days on the Market: 44 Days (Down -10.20% March 2017)
  • Total Sold Listings: 925

Data shows that the March 2018 Louisville housing market continues to stay in the Seller's favor because of the low inventory. Homes on average, are selling within 44 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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