Bob Murphy Group

08/28/2026

Inventory in Southern Indiana went up by one home this week. One.

After a summer of climbing inventory, the market finally held still — 147 new listings against 140 the week before, 110 closings against 113, and 1,388 homes active.

But one number jumped: 207 price reductions. The most in any week we've tracked, and roughly 1.4 price cuts for every home that came on the market.

Your week of August 28 👇
📋 147 new listings
✅ 110 closed
🤝 127 under contract — up 27, best since mid-July
✂️ 207 price reductions
📊 1,388 active

Buying? Steady selection, plenty of sellers getting more realistic, and rates parked at 6.66%.
Selling? Buyers came back this week. They're picky, not gone — price it where they already are.

Call or text me at 502-773-2564 and I'll tell you what this means for your street.

Local numbers from the regional MLS (SIRA), Aug 22–28, 2026. Rate: Freddie Mac, Aug 27. Not a guarantee of future results.

08/24/2026

Price improvement on Arnoldtown Road. It's now $329,000, down from $345,000.

Nothing is wrong with this house. The kitchen is updated — solid oak, stainless appliances — and buyers in this range are pricing a refresh into their offer. Three weeks of showings told us the same thing three times, so we moved the number instead of waiting for the market to change its mind.

What you get at $329,000: brick split-foyer on a wooded lot, original hardwood on the main level that has never needed a refinish, a real wood-burning fireplace, two-car garage with room for 4 Cars, and a covered deck out back looking at a stocked koi pond. Split 3 bedroom floor plan with an office area to boot.

If you looked at this one three weeks ago and walked away over price, walk back through it.

Call or text me at 502-773-2564 and I'll meet you there this week.

08/22/2026

The calendar may be moving toward fall, but there's still plenty of summer left to enjoy! Before the season slips away, squeeze in a few more warm-weather favorites around Louisville and Southern Indiana. A sunset by the river, dinner outside, live music, or a stop at your favorite local ice cream shop sounds like a pretty good way to spend an August evening. What's still on your summer list?

08/22/2026

Louisville Market Report — Week of August 15–21

Here's what actually happened across Jefferson, Bullitt and Oldham counties last week.

🏡 375 new listings
📋 136 went pending · 144 more moved to Active Under Contract
🔑 171 homes closed
💲 324 price adjustments
↩️ 73 came back on the market
⏳ 16 expired · 125 cancelled
📊 2,685 active listings on the board right now

Behind the closings:

Average sale price: $361,811 (median $289,900)
Sellers netted 98.4% of asking — 97.4% of original list price
Average days on market: 36 (median 16)

Rates eased again. Freddie Mac's 30-year fixed averaged 6.65% for the week of August 20, down from 6.67% the week before — second straight weekly decline.

What I take from it: 375 new listings against 171 closings means inventory is still building faster than it's clearing. Priced right, homes are still going in about two weeks — that's what the median tells you. But a 36-day average and 324 price adjustments say the overpriced ones are sitting and correcting. The market will get to the right number either way. Better to start there.

Thinking about a move this fall? Call or text Bob at 502-773-2564.

Life is Good.

—
Bob Murphy · Managing Broker, REALTOR®
GreenTree Real Estate Services
📞 502-773-2564
✉️ [email protected]
🌐 bobmurphygroup.com

08/22/2026

How did the market fair this past week in Southern Indiana? See beloew.

08/22/2026

If you've spent any time scrolling through home listings, you've probably noticed that real estate has a
language of its own. 😂
Of course, photos and descriptions can only tell you so much. Sometimes you just have to walk through the
door and see a home for yourself.
And when you find one you want to see, give me a call. I'll help you figure out what "lots of potential" really
means.

08/17/2026

Under contract on Gail Drive.

The back of this one is what sold it — a big elevated deck off the main level looking out over a flat, fully fenced yard with room to actually do something with it.

Attached garage tucked under the home, walkout below, and inside the kitchen opens straight into the living room with wood floors running through.

1240 Gail Drive, Jeffersonville. Call or text Bob at 502-773-2564.

08/17/2026

I took a walk one spring morning. Tulips, still water, trees that hadn't leafed out yet. Nothing in the frame was in a hurry.

That's roughly what selling looks like right now, with one important difference.

Jefferson County had 2,320 homes on the market in July, up about 20 percent from a year ago. Average days on market was 26. But cumulative days on market, which counts the listings that sat, came off, and went back on with a new price, was 38.

Same market. Two very different outcomes. The variable was the number on day one.

A garden can take its time. A listing can't, because it costs you a payment every month it waits.

I wrote up what actually moves a house when buyers slow down, including the inspection items that kill more deals around here than anything else.

Call or text me at 502-773-2564 if you want to talk through your own timeline.

https://www.greentreerealestate.com/blog/how-to-sell-your-home-in-a-slow-market/

08/15/2026

Have you ever wondered what the Louisville housing market is doing? Well here is what happened this past week.
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08/15/2026