Sales of homes and condos in Louisville still increasing while months of inventory move lower

The Louisville area continues to see increases in sales of homes and condominiums as well as a reduction in months of inventory levels in both categories.

Since March of this year sales of single family homes increased by 4% and months of inventory dropped 2%. During the same period condominium sales were up 10% with months of inventory dropping 5%.

Still maybe not a trend but continued improvement.The discount from list price for both categories is ranging from 2% to 3%.

Opportunities still exist and interest rate continue to be low.

More good news, Foreclosures filings down 45% in April

More good news on the Louisville housing market.

Foreclosure filings in Louisville dropped 48% in April.

Nationally foreclosure rates went up 65% in April.

This points out the strength of the Louisville real estate market and how National averages have little impact on individual local markets

Louisville median price much lower than National median

The median home price in Louisville is $130,000, much lower than the National median price of $200,000.

Louisville continues to be a housing bargain.