"Louisville, KY, renowned for its rich history and vibrant culture, experienced exhilarating real estate trends in December. This city, with its diverse neighborhoods and strong sense of community, emerged as an enticing destination for buyers seeking opportunities in the housing market. In December, Louisville's active listings skyrocketed by 29.1% compared to the previous year, reaching a total of 1,634 homes. This robust increase surpassed the national growth rate of 12.1%, offering buyers a wider array of options."
"The median listing price in Louisville remained steady at $272,500 in December, showing remarkable resilience compared to the slight national decline of 0.6% in median listing prices. This price stability, despite the increased inventory, underscored balanced demand and provided buyers with confidence in their purchasing power. Homes in Louisville spent an average of 48 days on the market in December, reflecting a moderate 3.3% increase from the previous year."
Louisville's active listings increased 29.1% year-over-year in December to 1,634 homes, outpacing the national growth rate of 12.1%. New listings declined 3.7% year-over-year to 568. The median listing price held steady at $272,500 in December while national median listing prices declined 0.6%. Average days on market in Louisville were 48 in December, a 3.3% increase year-over-year and substantially faster than the national median of 73 days (up 5.0%). Buyers benefited from expanded inventory and stable prices, creating more options amid balanced demand. Realtor.com data portal can provide additional market details.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]