Louisville-area home sales rose 8 percent in 2016, agents' group - WDRB 41 Louisville News

Louisville-area home sales rose 8 percent in 2016, agents' group says

Posted: Updated:

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.

RELATED:

Louisville home sales rose 12 percent in 2015, Realtors say

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

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
  • Stories by Chris OttsMore>>

  • Humana updates policy on executive payouts after sale, merger of company

    Humana updates policy on executive payouts after sale, merger of company

    Wednesday, November 22 2017 5:43 PM EST2017-11-22 22:43:08 GMT
    Louisville-based Humana has updated its "change in control" policy.Louisville-based Humana has updated its "change in control" policy.

    Louisville-based Humana Inc. has updated its “change in control” policy entitling high-level executives to severance payments if they are demoted or laid off following a sale or merger of the company. Humana disclosed the change in an SEC filing late on Wednesday.

    More >>

    Louisville-based Humana Inc. has updated its “change in control” policy entitling high-level executives to severance payments if they are demoted or laid off following a sale or merger of the company. Humana disclosed the change in an SEC filing late on Wednesday.

    More >>
  • University of Louisville board chairman committed to 'closed' search for next president

    University of Louisville board chairman committed to 'closed' search for next president

    Monday, November 20 2017 5:24 PM EST2017-11-20 22:24:54 GMT
    U of L trustees chairman David Grissom, right, and interim President Greg Postel. Nov. 20, 2017U of L trustees chairman David Grissom, right, and interim President Greg Postel. Nov. 20, 2017

    The chairman of the University of Louisville board of trustees said the board is committed to conducting a “closed” search in which finalists for the next president of the university will not be made public -- over the objection of many faculty and staff members and students.

    More >>

    The chairman of the University of Louisville board of trustees said the board is committed to conducting a “closed” search in which finalists for the next president of the university will not be made public -- over the objection of many faculty and staff members and students.

    More >>
  • Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Monday, November 20 2017 10:58 AM EST2017-11-20 15:58:30 GMT
    Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>
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.