What’s Happening in Louisville’s Housing Market Right Now?

The Louisville real estate market has stayed steady compared to last year, with only minor changes in key trends. One way to track market activity is the absorption rate, which shows how long it would take to sell all available homes. In February 2025, that rate was just over two months, nearly the same as last year. While inventory has shifted slightly, overall conditions remain stable. Here’s what’s happening in the Louisville real estate market:

Home prices. The median list price in February was around $300,000, down from $350,000 in February 2024. However, the median sales price rose to $270,000 from $255,000 last year. While some focus on average prices, the median is a better measure of typical transactions since it filters out extreme highs and lows.

Days on the market. Homes are still selling at a steady pace. The median time on the market in February was 28 days, compared to 24 days a year ago. This suggests homes continue to sell in about a month when priced correctly.

New listings. Inventory remains tight. In February 2025, just over 1,400 new listings hit the market, down from more than 1,500 in 2024. While bidding wars are less common than in past years, home values are still strong.

Keeping up with market trends helps buyers and sellers make informed decisions. Challenges will always come up, but as the saying goes, “Expect problems and eat them for breakfast.” If you have any questions or need guidance, please reach out. If you have questions or need guidance, I’m here to help. You can call me at 502-458-2722 or send an email to jpirtle@jppirtle.com. I look forward to hearing from you.