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Louisville Real Estate Market Statistics [2020 Trends]

Posted by Nathan Garrett on Friday, March 13th, 2020 at 5:45pm.

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 February 2020.

Louisville KY Real Estate Market - February

Number of Homes Sold: 742
Median Sale Price: $184,000
Days on Market: 50
New Construction Last Month: 19

 

Louisville Real Estate Market-February 2020

Louisville Housing Market Report 2020

Looking at the statistics from the Greater Louisville MLS, compared to February 2019, the data shows that homes are not selling quite as fast. Is this because our local market is overdue for a slight shift? With inventory still behind the buyer's demand, will this adjustment be sooner than later? As of right now, the Median sale price for Louisville real estate in the month of February is up 4.4% compared to the previous year. SP vs LP (percentage of list price and the actual sold price) is down to 96.79%.

February 2020 Louisville Housing Statistics

  • Median Sale Price: $184,000 (Up +1.2% from February 2019)
  • List To Sale Price Ratio: 96.79% (Down -0.6% February 2019)
  • Days on the Market: 50 Days (Up +0.6% February 2019)
  • Total Sold Listings: 742 (Up +1.2% February 2019)

Data shows that the Louisville housing market for March 2020 continues to stay in the Seller's favor because of the low inventory. How long will this last though? Homes on average right now are selling within 50 days on market. Over the years we have seen a great increase in the home prices around the Louisville area. Right now may still 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

Author: Nathan GarrettNathan 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 or selling? Send him an email: ngarrett@garrettsrealty.com

 

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