Louisville home sales up 9 percent amid shortage of listings - WDRB 41 Louisville News

Louisville home sales up 9 percent amid shortage of listings

Posted: Updated:
Kitchen from a Homearama house in Louisville Kitchen from a Homearama house in Louisville

LOUISVILLE, Ky. (WDRB) – Louisville-area home sales were up 9.3 percent during the first five months of the year compared to the same time last year, according to new figures from the Greater Louisville Association of Realtors.

So far, more than 5,764 homes and condos have sold this year, versus 5,273 at this time last year. Sales were up 4.7% in May 2015.

 A shortage of homes on the market has also pushed the median sales price up to $150,000 – compared to $137,950 at the same time last year, according to the latest monthly statistics from the association.

Other promising signs for sellers: As of May 15, there were 17 percent fewer homes on the market than as of the same time last year, and 20 percent more homes went under contract last month than in May 2014.

“Members continue to report a strong seller's market in many areas due to the lack of inventory, and prices are rising accordingly,” said Louisville Realtors President Paula Colvin said in a press release.

The shortage of homes for sale is most evident in Germantown, the Highlands, Crescent Hill and St. Matthews, she said.

The association's figures track single-family houses and condos sold by real estate agents in Jefferson, Oldham and Bullitt counties:

Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.