Louisville 2014 Home Prices up 2.7% with Slightly Fewer Homes Sold


2015 Louisville Kentucky Homes Sales for Jefferson , Bullitt and Oldham County Kentucky

Greater Louisville Association of REALTORS

With sales up 4.8% in December 2014 compared to December 2013, members of the Greater Louisville Association of Realtors® (“GLAR”) finished the year selling 14,486 homes compared to 14,775 in 2013 (down 2.0%). The year-to-date average and median prices were $180,200 (up 2.7%) and $147,000 (up 2.8%) respectively. The inventory of homes available for sale remained tight with approximately 11% fewer for sale than December 2013.

GLAR President Paula Colvin commented that, “members were actively helping homebuyers take advantage of low interest rates, which showed in the 25% increase in the number of contract signings in December 2014 versus the same month last year. Early data in January shows a positive trend continuing into the new year.”

At the national level, Lawrence Yun, Chief Economist for the National Association of Realtors®, recently remarked that even in the face of tight underwriting standards, today’s low interest rates have contributed to an…

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Author: Louisville Kentucky Mortgage

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