Louisville Monthly Market Update – Single Family Homes

City of Louisville Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

LOUISVILLE SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 235 74
Average Sales Price $666,128 $766,748 +15%
Median Sales Price $630,000 $697,500 +10.7%
Average Days to Contract 33 19 -42%

 

(Single Family Homes – % Under Contract)

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

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Apr 17’ May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LOUISVILLE 65 60 53 69 47 42 43 32 12 22 25 37 46 49

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Apr 17’ May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LOUISVILLE 14 37 32 14 23 17 15 13 17 6 8 12 19 24

 

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

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