Greater Louisville Housing Market Maintains Positive Momentum into Spring 2025
Louisville, KY - The Greater Louisville real estate market continues to demonstrate strength and resilience, as highlighted in the March 2025 market statistics released by the Greater Louisville Association of REALTORS® (GLAR). Key indicators show steady trends, offering a promising outlook for buyers and sellers heading into the spring season.
Total existing home sales, including single-family homes, condominiums, and townhomes, totaled 1,151 in March 2025, a slight 4.8% decrease from 1,209 in March 2024.
The median home sale price in March was $278,000, up 4.9% from $265,000 in March 2024. The average home sale price was $322,748, an increase of 6.3% compared to $303,632 one year earlier.
Total housing inventory rose significantly, increasing 38.3% to 2,713 homes for sale at the end of March, compared to 1,961 in March 2024.
The months’ supply of inventory increased 43.8% to 2.3 months in March, up from 1.6 months the previous year. A balanced real estate market typically offers between six and nine months of supply. Nationally, there was a 3.2-month supply of housing inventory according to the National Association of REALTORS® (NAR).
"Home sales are adjusting as more inventory becomes available, offering buyers more options while maintaining solid price growth," said GLAR President Will Fischer. "Spring is typically the most active season, and moderating mortgage rates coupled with job gains are helping support market activity."
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.81% for the week ending April 24, 2025, down slightly from 6.83% the previous week and from 7.17% one year ago.
"In a stark contrast to the stock and bond markets, household wealth in residential real estate continues to reach new heights," NAR Chief Economist Lawrence Yun said. "With mortgage delinquencies at near-historical lows, the housing market is on solid footing. A small deceleration in home price gains, which was slightly below wage-growth increases in March, would be a welcome improvement for affordability."
The average cumulative days on market rose to 57 days in March, a 16.3% increase compared to a year earlier. Sellers continued to receive strong offers, with the average percentage of list price received inching up to 98.6%.
Most Recent Local Housing Statistics Reports by County:
Entire-MLS
Breckinridge-County
Bullitt-County
Grayson-County
Hardin-County
Henry-County
Jefferson-County
Meade-County
Nelson-County
Oldham-County
Shelby-County
Spencer-County
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