People ask me this more than almost anything else: is it a buyer's market or a seller's market? The honest answer comes from four numbers. Here they are for September 2026, using single-family homes in Jefferson County from the Louisville MLS (Multiple Listing Service).

Months of supply answers a simple question. If no new homes were listed at all, how many months would it take to sell everything currently for sale, at the pace homes are selling now? To find it, divide the homes for sale by the homes sold in the month.

In September 2026 there were 2,549 homes for sale and 858 homes sold. That works out to about 3.0 months of supply.

A common rule of thumb says a balanced market sits around five to six months. Less than that leans toward sellers, because buyers are competing for a small number of homes. More than that leans toward buyers. At about three months, Louisville still leans toward sellers.

A year ago, in October 2025, supply was about 2.1 months. In June 2026 it was about 2.0 months. Now it is about 3.0. Homes for sale climbed from 1,720 in February to 2,549 in September, which is up about 48%. More homes are coming onto the market than are selling.

Source: Louisville MLS data through Flexmls. Jefferson County, single-family homes. Months of supply is homes for sale divided by homes sold in that month. Some analysts average several months of sales instead, so you may see slightly different figures elsewhere.

Days on market is how long a home sits between being listed and going under contract. The average in September was 27.8 days. That is quick. For comparison, it was 40.3 days in February. Homes that are priced and prepared well are still selling in under a month.

In September, homes sold for 98.3% of their list price on average. That means a typical $300,000 listing sold for about $294,900. It was 98.9% in April and July, so buyers have gained a little negotiating room, but not a lot.

Still leaning toward sellers, and loosening. Homes sell quickly and close very near the asking price, which is seller territory. But months of supply has climbed from about 2.0 in June to about 3.0, and sale prices have eased a little from the summer peak, so buyers have more choices than they did six months ago.

If you are buying, you have more homes to look at and a bit more room to negotiate than in the spring. Get your financing lined up first. Our guide for first-time home buyers in Kentucky walks through the steps. If you are selling, price it right the first time, because the homes that sit are the ones that start taking price cuts. The best time to sell guide covers timing.

For prices, read What Is the Median Home Price in Louisville? For the full monthly picture, see the Louisville housing market report.

Not sure how this applies to your situation? Text or email me at (502) 305-8915 or [email protected].

Rob Bergeron, Owner-Realtor, Winner Realty