502-429-3866

What Is My Home Worth?

Our FREE service provides you with your home's current market value and suggested selling price.

Condo Sales in Louisville KY

Many of you are probably wondering if condos and patio homes are really selling. I have done a little research to put some numbers in perspective.

All the figures that follow are for Jefferson County only.  As I write this, there are 5909 listings in Jefferson County; of which 1321 are Condos or Patio Homes. This equates to 22.3% of the total inventory.

I then wanted to see what percentage of total sales are Condos/Patio homes. Since the first of the year, there have been 416 condos sold versus 3148 total units sold; or 13.2%.  In 2009 the figure was 14.1%. For the years 2006-2008, the figure averaged 15%.

This year, we are averaging about 83 Condo or Patio Home sales per month in the Greater Louisville area.  If we stay at this pace, we have a little less than a 16 month supply. Single Family Residential sales to date are 2735 units. This works out to 547 per month or a 8.4 month supply.

So, to summarize, Condos and Patio Homes are selling, but at a much slower pace.

Post a Comment