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.