Home ¬Ľ Greater Louisville home and condo sales up 8% in 2016 over 2015

Greater Louisville home and condo sales up 8% in 2016 over 2015

1,316 more units sold in 2016

LOUISVILLE, Ky. (Jan. 17, 2017) ‚ÄĒ The Greater Louisville Association of Realtors (GLAR) reported 2016 sales up 8¬†percent over¬†2015. Overall, 17,653 units were sold in 2016, compared to 16,337 in 2015.

Sales in December 2016 were up 1.3 percent compared to December 2015, with 1,312 homes and condos sold versus December 2015 with 1,295 units sold. The median price was up 5.2 percent in 2016 and the average price was 3 percent higher than in 2015.

In Jefferson County, the average price in December 2016 was $196,687 and the median was $160,000. For all MLS areas, the inventory of available properties was 18.8 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 December 2015.

“Our members continue to see a strong sellers market for entry-level homes and a relatively balanced market for move-up homes,” said GLAR President Allison Bartholomew. “Depending on the area and price range, the luxury home market is slightly in favor of buyers due to the larger relative inventory to choose from.”

 

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