In July, home prices fell substantially from the month before, with a median listing price of $280,000.
The number of listings on the market grew 9.8% from last month, which is typical for this time of the year in Louisville, and homes are also selling close to the same pace as the same time last year.
Home prices in Louisville
Typically, home price per square foot in Louisville tend to fall in July. And the most recent data shows that the price per square foot decreased by 0.9% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in Derby City are keeping pace with the national market.
Louisville inventory
In July, there were 1,475 homes for sale in Louisville, which was 9.8% more than the month before and 30.5% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
Time on market
Homes in Louisville take an average of 35 days to sell, according to July figures.
This is two days more than the previous month and the same as the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Louisville, KY.