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April 2022 | Louisville Real Estate

March Stats | Louisville’s home sales declined for the sixth consecutive month due to persisting low supply and rising interest rates. Total existing-home sales, including single-family homes, condominiums, and townhomes, decreased 6.3% from 1,555 in March 2021 to 1,457 in March 2022. Record low inventory continues to drive home price growth. The average home sale price was $281,095, up 11.38% from $252,378. In March, the Greater Louisville market again had under one month (0.79) of supply. A balanced real estate market offers between three and six months of supply.

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