Louisville, KY home prices and housing market

In Louisville, nearly a quarter of homes for sale have already cut their asking price. If you are thinking about selling this year, that number tells you exactly how to price your home. There are just over two thousand homes for sale in Louisville right now, and more than a thousand fresh listings arrived in the past month alone. That is steady competition. Homes that do sell are taking about thirty seven days to go under contract, which is not slow, but it is not frantic either. So why are so many sellers cutting? Look at the gap. The median asking price is about two hundred seventy-five thousand dollars, while the typical Louisville home value sits near two hundred fifty-two thousand dollars, up just 1 percent over the past year. Sellers are aiming high, the market is saying no, and the price cuts follow. Here is the part in your favor: values are still rising, not falling, so a well priced home in Louisville still sells in about five weeks. Price yours at what the data supports, not above it, and you can skip the cut entirely. Find out what your home is worth today with a free estimate at Home Value Pros dot com.