Something big is happening in Louisville—and it’s not the Kentucky Derby.
Sellers are flooding the market. Last month, the midsized Southern city had the highest year-over-year inventory surge of any major metro in the country, up a staggering 32.7%.
That’s compared with only 2.2% nationwide, according to the Realtor.com® May housing report, as well as a paltry 0.3% inventory increase for the South overall. However, so far, the inventory surge seems to represent a return to pre-pandemic norms in Louisville, rather than a sign of distress in the market…