"In July, home prices fell substantially from the month before, with a median listing price of $280,000. The number of listings on the market grew 9.8% from last month, which is typical for this time of the year in Louisville, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in Louisville tend to fall in July. And the most recent data shows that the price per square foot decreased by 0.9% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in Derby City are keeping pace with the national market."
"In July, there were 1,475 homes for sale in Louisville, which was 9.8% more than the month before and 30.5% more than the same time last year. Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787. Homes in Louisville take an average of 35 days to sell, according to July figures. This is two days more than the previous month and the same as the same month last year. For comparison, nationally homes spent an average of 58 days on the market in July."
July median listing price in Louisville was $280,000, with month-over-month home price declines and a 0.9% drop in price per square foot. Listings increased 9.8% from the previous month and were 30.5% higher than a year earlier, raising active inventory to 1,475 homes. Inventory growth aligns with typical seasonal patterns and homes are selling at a pace similar to last year. Average time on market in Louisville was 35 days in July, two days longer than June and unchanged year-over-year. Nationally, price per square foot also fell 0.9%, active inventory rose 1.9% to 1,102,787, and average days on market was 58.
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