Louisville, Kentucky, December 18, 2025
The Greater Louisville real estate market is moving towards a more balanced state, with increasing inventory levels and steady price appreciation. New listings rose by 8.5% year-over-year in November, providing buyers with more options, despite a decline in closed sales. The median home sale price reached $293,500, reflecting resilient demand. Inventory levels have significantly increased, suggesting a healthier market balance. Overall, the market shows signs of stability even with some seasonal fluctuations and affordability pressures.
Louisville Home Inventory Rebalances, Prices Maintain Slow Growth
Louisville, Kentucky – The Greater Louisville real estate market is transitioning toward a more balanced environment, with rising inventory levels and steady price appreciation, according to recent data from the Greater Louisville Association of Realtors (GLAR).
Inventory and Sales Trends
In November 2025, new listings increased by 8.5% year-over-year, with 1,582 homes entering the market compared to 1,458 in November 2024. This brings the year-to-date increase in new listings to 12.8%, indicating growing confidence among sellers and more options for buyers. However, closed sales declined by 8.2% year-over-year, totaling 1,070 in November, reflecting typical seasonal slowing and ongoing affordability pressures. Despite this, year-to-date closed sales are up 2.6%, signaling overall market stability as the year concludes.
Price Appreciation
Home prices have remained resilient. The median home sale price rose to $293,500 in November, a 4.8% increase from $280,000 a year ago. The average sale price climbed 8.1% year-over-year to $359,246, underscoring sustained demand across various price points.
Inventory Levels and Market Balance
Inventory levels continued to rise sharply, reaching 3,810 homes for sale in November, an increase of nearly 30% compared to the same time last year. The months’ supply of inventory grew to 3.1 months, up from 2.4 months in November 2024, moving the market closer to a healthier balance between supply and demand. A balanced market typically has six to nine months of inventory.
Market Conditions and Outlook
Homes spent an average of 49 days on the market, up from 43 days in November 2024. Sellers received an average of 98.0% of the list price, indicating competitive conditions despite a moderating pace. The GLAR President noted that the market remains steady and resilient, with price growth, rising inventory, and sustained year-to-date sales activity pointing to a market that is adjusting thoughtfully rather than cooling abruptly.
Background Context
Over the past year, the Louisville housing market has experienced fluctuations in inventory and pricing. In March 2025, home sales declined for the fifteenth consecutive month, yet inventory levels remained historically low. The median home sale price in March was $252,250, up 5.8% from the previous year. Similarly, in February 2025, inventory grew by 16% year-over-year, reaching 3,199 properties, while the median sale price climbed to $274,900, marking six consecutive years of price appreciation. These trends reflect a market in transition, balancing between supply and demand while maintaining steady price growth.
Conclusion
The Greater Louisville real estate market is evolving toward a more balanced state, characterized by increased inventory and steady price appreciation. While challenges such as affordability pressures and seasonal fluctuations persist, the overall market demonstrates resilience and adaptability, offering opportunities for both buyers and sellers.
Frequently Asked Questions (FAQ)
What is the current state of the Louisville real estate market?
The Greater Louisville real estate market is transitioning toward a more balanced environment, with rising inventory levels and steady price appreciation.
How have new listings and closed sales changed in November 2025?
In November 2025, new listings increased by 8.5% year-over-year, with 1,582 homes entering the market compared to 1,458 in November 2024. Closed sales declined by 8.2% year-over-year, totaling 1,070 in November.
What are the current home prices in Louisville?
The median home sale price in November 2025 was $293,500, a 4.8% increase from $280,000 a year ago. The average sale price climbed 8.1% year-over-year to $359,246.
How has inventory changed in the Louisville housing market?
Inventory levels reached 3,810 homes for sale in November 2025, an increase of nearly 30% compared to the same time last year. The months’ supply of inventory grew to 3.1 months, up from 2.4 months in November 2024.
What does the future hold for the Louisville real estate market?
The market remains steady and resilient, with price growth, rising inventory, and sustained year-to-date sales activity indicating a thoughtful adjustment rather than an abrupt cooling.
Key Features of the Louisville Real Estate Market in November 2025
| Feature | Details |
|---|---|
| New Listings | 1,582 homes, an 8.5% increase year-over-year |
| Closed Sales | 1,070 homes, an 8.2% decrease year-over-year |
| Median Home Sale Price | $293,500, a 4.8% increase from the previous year |
| Average Sale Price | $359,246, an 8.1% increase year-over-year |
| Inventory Levels | 3,810 homes for sale, a 30% increase from the previous year |
| Months’ Supply of Inventory | 3.1 months, up from 2.4 months in November 2024 |
| Average Days on Market | 49 days, up from 43 days in November 2024 |
| Seller’s Percentage of List Price | 98.0%, indicating competitive market conditions |
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