Greater Louisville Real Estate Blog

Market Update

August Real Estate Market Update in Louisville, KY

We continue to see home prices rise, and lower inventory across the board. The Greater Louisville Association of Realtors® (“GLAR)” reported sales down 1% year-to-date versus 2017. With the continued lower inventory, the average price was up 6.1%. In Jefferson County, the average price in August was $216,956 and the median was $181,950. GLAR President Dave Parks commented that, "we see a continuation of a 'split-market' with median priced properties selling very quickly and higher priced properties selling more slowly." He also noted that builders are contributing to the inventory situation with a 4.8% increase in residential building permits issued year-to-date versus 2017.

August Recap:

Homes sold : 1843

Average Selling Price: $221,154

Median Selling Price: $190,000

Average Days on the Market: 34

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