Here’s your October 2024 Real Estate Update for Louisville and surrounding counties:
Number of Sold Listings
2024: 1,340
2023: 1,218
That’s an increase of 7.1% from last year.
Active Listings
2024: 3,028
2023: 2,493
That’s an increase of 21.5% from last year.
Average Sales Price
2024: $337,205
2023: $304,279
That’s an increase of 10.82% from last year.
Average Days On Market
2024: 42
2023: 36
This mean homes are taking on average 16.6% longer to sell.
Abosorption Rate
2024: 2.48 Months
2023: 2.02 Months
This is an increase of 22.77%, which is another indicator that homes are sitting on the market longer before they sell.
We hope you find these updates helpful. If you have any questions about these numbers or would like to schedule time to speak with us, feel free to reach out at 502-458-2722 anytime. We’d love to hear from you!
