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Louisville area real estate sales up 4.67% in 2017

Screen Shot 2017-04-13 at 1.33.17 PM161 more sales this year

LOUISVILLE, Ky. (April 13, 2017) — The Greater Louisville Association of Realtors (GLAR) reported sales up 4.67 percent this year, with sales totaling 3,608 for the first quarter this year, compared to 3,447 last year. The average price was up 8.62 percent and the median price was up 6.55 percent.

In Jefferson County, the average price in March 2017 was $193,172 and the median was $155,000. For all MLS areas, the inventory of available properties was 19.14 percent lower than at the same time last year. In Jefferson County, the inventory of homes and condos for sale was also 21.52 percent lower than March 2016. Inventory in Oldham County was down 13.73 percent and in and Bullitt County is was down 18.71 percent.

GLAR releases monthly statistics mid-month to allow for the most accurate and comprehensive reporting possible. Local realtors report their residential sales totals to GLAR, and publishing the statistics mid-month allows for the activity that takes place late in the month to be counted. This ensures that the totals reported show the truest depiction of the local housing market.

“Our members are still working in a very strong sellers’ market for homes up to $400,000,” said Allison Bartholomew, president of GLAR.  “Between $400,000 to $600,000 the market becomes slightly more balanced and over $600,000 we’re in a buyers’ market in most areas due to the influx of new listings.”

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