Welcome to the Nest Connect Greater Louisville and Southern Indiana 2024 Mid-Year Market Report. Please find the downloadable PDF version of our full Greater Louisville and Southern Indiana area Mid-Year Report here: Greater Louisville_MYR_2024
Market Performance at a Glance
In the Greater Louisville and Southern Indiana area, the real estate market has experienced notable shifts in the first half of 2024 compared to the same period in 2023. Total sales decreased by 1.2%, falling from 7,609 to 7,517 transactions. Meanwhile, the average days on market saw a significant increase of 28.6%, rising from 29 days to 37 days. On a positive note, the average sales price appreciated by 8.5%, moving from $291,673 to $316,413. Additionally, the number of new listings rose by 6.7%, from 9,467 to 10,102. These trends indicate a market adjusting with higher prices and longer selling times, while new inventory continues to grow.
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Marketing on August 8, 2024 Posted in Greater Louisville and Southern Indiana , Greater Louisville and Southern Indiana Market Reports Comments closed
