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The Hollinden Team Louisville KY Real Estate Blog

Condo sales still lag SFR

We are still in a buyer's market for Louisville KY. 
In Jefferson County, KY, we are averaging 97 condos, patio homes and townhome sales per month since the start of 2010.  At this writing, we have a 13.5 month supply.
Single Family Residential Homes are a little different story.  We are selling about 600 homes per month in Jefferson County, KY.  This works out to about an 8  month supply.
I think that low interest rates are helping us move inventory.  People are comparing the rent that they are paying versus what it costs to buy a home now and often find, it makes sense to buy a house.
If you have any questions, let us know!