As of the end of September 2024, unemployment rates in the Louisville area increased from 4.4% at the end of the third quarter of 2024 to 4.6% at the end of March 2025. Louisville was named fifth in rent growth by Apartment.com and seventh Best City to Move to in 2024 by Forbes magazine. In the last 12 months 2,341 units were completed, 3,117 units are under construction, and 4,044 units are planned in the Louisville Metro area. Most planned units are within the Okolona submarket at 1,390 units. Multifamily investment activity reported a large increase in Q4 2024 with 1,981 units sold, ending the year with a total of 4,168 units sold. Q1 2025 has seen a slow start with 320 units sold through the end of the quarter. Louisville is expected to continue a slow sales environment for properties needing new debt while properties with assumable debt will generate much demand from buyers.