Top Mega Teams in Louisville, Kentucky – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1Jay T. Pitts and AssociatesRE/MAX Premier PropertiesLouisville, KY$164,379,143View Profile

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    2023 Louisville, Kentucky Housing Market Summary

    Louisville, Kentucky started 2023 with a total of 804 single-family homes on the market, with a median home price of $255,000 and an average price per square foot of $157. By the end of the year, inventory had increased to 931 homes on the market (+15%), with a median home price of $279,900 (+9%) and an average price per square foot of $162 (+3%).

    At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

    Louisville started the year with 47% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 46% of Louisville homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Louisville started 2023 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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