Home sales in Greater Louisville declined again in May due to low supply and rising interest rates. Total existing-home sales decreased 13.74% from 1,739 in May 2021 to 1,500 in May 2022. Record demand combined with extremely low supply continues to fuel price increases. The average home sale price was $299,857, up 10.16% from $272,212 in 2021.
JUNE
MAY 2022 VS MAY 2021
10.2%
AVERAGE
SALES PRICE
2022 $299,857
vs 2021$272,212
-13.7%
HOMES SOLD
2022 1,500
vs 20211,739
-4.3%
AVERAGE
DAYS ON MARKET
2022 22
vs 202123
9.7%
ACTIVE LISTINGS
2022 1,683
vs 20211,534
Home sales in Greater Louisville declined again in May due to low supply and rising interest rates. Total existing-home sales decreased 13.74% from 1,739 in May 2021 to 1,500 in May 2022. Record demand combined with extremely low supply continues to fuel price increases. The average home sale price was $299,857, up 10.16% from $272,212 in 2021.
Source: GLAR, Single Family Residential & Condo; All Areas
WHAT YOU GET IN LOUISVILLE
A look at how much (or little) house you get for your money in three different Louisville zip codes
$200,000 - $300,000
$200,000 - $300,000
40217
539 E BURNETT AVENUE
BEDROOMS 2
BATHROOMS 2
SQUARE FEET 1,030
SOLD FOR $205,000
PPSF $1199.03
40214
6655 IROQUOIS PARK ROAD
BEDROOMS 3
BATHROOMS 2
SQUARE FEET 2,092
SOLD FOR $225,000
PPSF $107.55
40206
2525 GEORGE ROGERS CLARK PL
BEDROOMS 2
BATHROOMS 2
SQUARE FEET 1,048
SOLD FOR $279,000
PPSF $266.22
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