Louisville St Matthews Homes For Sale | Detailed Look At Inventory

Inventory levels for homes for sale in St Matthews are rising, and it doesn’t matter if you are looking at weekly data points, or a 90 day trend line.  On the graph shared below, both measurements are charted and both are higher than they were this time last year.  For the weekly data points, shown in black, St Matthews homes for sale have seen an increase from just over 200 units to about 232 homes, more than a 10% increase.  The same holds true for the trend line, shown in gold, but with an even bigger percentage increase.  And all of this is after homes in St Matthews had hit year long lows in the very beginning of 2010 with relatively few homes for sale in 40207.

Another way to look at inventory levels of Louisville St Matthews homes for sale is to not only look at the whole number of homes currently for sale, but to break that number down into its component parts:  how many homes are leaving the market each week compared to how many homes are coming on to the market?  In the graph below, that is exactly what I have done.  Each week, a certain number of homes that were once for sale have dropped off the market, due to being sold, or perhaps the owners simply got tired of trying to sell and gave up and took their St Matthews home off the market.  At the same time, there is a different group of home owners, optimistic about their chances, who choose to get their property on the market.  If we look at the difference between these two groups, we should be able to see which way the overall St Matthews real estate market is heading.

Looking at the graph above, we can see that one year ago, St Matthews homes coming onto the market slightly outnumbered the homes leaving the market, or being absorbed into the market.  About October, that trend reversed itself, and we see more homes being absorbed than coming onto the market, which should show up on the first graph above as a reduction in the overall inventory level.  But something seems to have switched in early 2010, as more and more St Matthews homes for sale became available, overtaking the number of homes leaving the market, and since that time, it appears that we have been adding more and more homes to the overall inventory level for the 40207 market inside of Louisville, Ky.