Louisville Market Update, August 2022

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 August 2022 versus July 2022:

The Number of SOLD listings decreased by 4% to 933 units with a top sale of $2,285,000 at 37 River Hill Rd.

The Average Sales Price increased by 3% to $320,517 moving the Average Price Per Sq Foot up to $151 per sq foot. 

The inventory of properties available for sale measured in months supply decreased by 49% to 1.22 months worth of properties for sale.

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!