August sales up 2.9% over last year
LOUISVILLE, Ky. (Sept. 16, 2016) — The Greater Louisville Association of Realtors (GLAR) reported year to date sales up 5.9 percent compared to the same time last year. Sales in August 2016 were up 2.9 percent compared to August 2015, with 1,622 homes and condos sold. The median price this year is up 3.9 percent and the average price was 2.3 percent higher than this time last year.
In Jefferson County, the average price in August 2016 was $207,520 and the median was $170,000. For all MLS areas, the inventory of available properties was 19.2 percent lower than at the same time last year. In Jefferson County the inventory of homes and condos for sale was 21.1 percent lower than August 2015.
“The number of homes placed under contract in August 2016 increased 1.9 percent vs. August 2015, which is above the national statistic of 1.3 percent,” said GLAR President Greg Taylor. “Our members are continuing to see quick sales of homes under $250k, at the same time that showings of higher end homes have slowed a bit.”