LOUISVILLE, Ky. (WDRB) --  Louisville-area home sales were up 8 percent in 2016 compared to 2015, while the median home sale rose 5 percent to $163,600, according to the Greater Louisville Association of Realtors.

The association’s figures reflect single-family home and condo sales brokered by agents mainly in Jefferson, Oldham and Bullitt counties.

“Our members continue to see a strong sellers’ market for entry-level homes and a relatively balanced market for move-up homes,” said association president Allison Bartholomew, a broker with Weichert Realtors.

While not as dramatic as last year – when sales were up 12 percent from 2014 – the gains nonetheless continue the area’s steady recovery from the housing crisis of 2008.

The local market continues to be helped – or hampered, depending on your perspective – by a relatively low number of homes and condos listed for sale.

Listings were down nearly 19 percent in December, compared to the same time a year earlier.

As of December 15, there were 4,205 homes on the market with association agents. Two years ago, there were 6,257.


Louisville home sales rose 12 percent in 2015, Realtors say

SUNDAY EDITION | Louisville home buyers have fewest choices in a decade