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!