Louisville Monthly Market Update – Single Family Homes

City of Louisville Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

YTD Comparison:

LOUISVILLE SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 235 137
Average Sales Price $666,128 $753,576 +13%
Median Sales Price $630,000 $687,000 +9%
Average Days to Contract 33 23 -30%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $750K 50% 64% 50% 68% 58% 58% 43% 57% 40%
$750K+ 38% 27% 60% 73% 56% 41% 48% 21% 31%
OVERALL % U/C 42% 45% 60% 70% 59% 51% 45% 44% 39%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LOUISVILLE 69 47 42 43 32 12 22 25 37 46 49 51 48 43

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LOUISVILLE 14 23 17 15 13 17 6 8 12 19 24 24 15 22

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LOUISVILLE .73 2 1.97 3.12 1.52 3.42 3.29 2.82 2.22