Louisville KY Market Update, Third Quarter 2022
Welcome to the Real Estate Market Update!
If you’re thinking about buying or selling real estate it’s important to
understand the current market trends.
According to FLEXMLS, the marketplace for Louisville residential
properties, in Q3 2022 versus Q3 2021:
1. The Number of SOLD listings decreased by 17% to 2776 units with a
top sale of $3,550,000 at 7602 Harrods Ridge Dr
2. The Average Sales Price increased by 7% to $309,248 moving the
Average Price Per Sq Foot up to $211 per sq foot
3. The inventory of properties available for sale measured in months
supply increased by 9% to 1.63 months worth of properties for sale.
4. Mortgage rates increased with the 30 year fixed rate average up 112%
to 6.73% according to Bank Rate.com
If you’re buying or selling real estate, it’s important to seek the guidance
and advice of a professional.
Thanks for tuning in, we’ll see you in the next real estate market update.
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