Louisville, Ky. – The Greater Louisville Association of Realtors (GLAR) reports January 2016 homes sales are up 2.8 percent over last January, and the median price for all areas in January 2016 was up 11.3 percent compared to the same time.
The average price was up 12.4 percent. In Jefferson County, the average price in January 2016 was $188,970 and the median was $152,000.
For all MLS areas, the inventory of available properties was 22.6 percent lower than at the same time last year.
GLAR President Greg Taylor said the organization’s members “saw a continuation of strong sales from December into January. With inventory down over 22 percent compared to this time last year, the current seller’s market is expected to follow-through into the spring selling season. Although there was a jump in prices compared to last January, average and median sale prices remained fairly consistent with last month’s figures.”