Louisville Area Real Estate Headlines | June 2021
The Louisville area real estate market cooled off just a little in June. New listings were up 17% vs May while home sales were up 10%. As a result, home inventory increased slightly.
However, at a one month supply of homes Louisville is still in a very strong seller's market. For perspective, a balanced market would be a six month supply of homes.
The Greater Louisville Association of Realtors President commented in the most recent press release, “The sellers’ market continued in full force during May, in virtually every price range. Buyers often have to make several offers before getting a home under contract. Buyers also are making modifications to the normal inspection, appraisal and possession portions of the purchase agreement to make their offers more attractive to sellers."