Shrinking Inventory! Louisville, KY

We are selling them faster than we can list them! A great sign for the recovering real estate market in Louisville, KY. Homes are selling at a faster rate than they are being listed. The chart below shows the amount of inventory from 1 year ago until today. Prices still remain steady so even though inventory is lower, its still a BUYER'S market. With current interest rates its a win-win for buyers. The below chart shows the history of the median price for Louisville, KY: This week the median price is $140,000 The days on the market has increased this week however, that is typical in August. Once school starts and everyone gets back into the swing of things we usually see an up tick in sales come September/October. Looking at the overall year for average days on the market we are seeing quite a decrease in length of time homes are sitting on the market compared to last year. The chart below shows average days on the market trends (for the year) for Louisville: