Louisville, KY Real Estate Market Summary 04/16/2008

Here are the current market stats for the middle of April. The number of homes sold is definitely low compared to last year, but it is possible not all sales are currently posted. The average days on market is consistent with last year, but the average selling price is a lot lower. This mid-month update will probably improve towards the end of the month as the weather improves and the market picks up.  Please visit my website, Expert Real Estate Louisville, KY, for more information.

Number of Houses Sold This Month 487	Average Selling Price This Month $171,501
Average Days on the Market This Month 85	Number of Houses on the Market this Month (As of 4/16/2008 10:38:11 PM) 10217
Median Selling Price This Month $132,400

Louisville, KY Real Estate Market Summary 04/02/2008

Here are the current market stats for March. The number of homes sold is pretty low compared to last year, but it is possible not all sales are posted currently. The average days on market is consistent with last year, but the average selling price is a lot lower. Since closings sometimes are crowded towards the end of the month, we will need to wait and see how if any late postings alter these statistics. Please visit my website, Expert Real Estate Louisville, KY, for more information.

Number of Houses Sold This Month 1042	Average Selling Price This Month $155,882
Average Days on the Market This Month 84	Number of Houses on the Market this Month (As of 4/2/2008 10:38:11 PM) 10008
Median Selling Price This Month $130,000

Louisville, KY Real Estate Market Summary 02/17/2008

Here are the current market stats for the middle of February. The number of homes sold is low compared to last year, but again we are mid-month and not all sales are posted yet. The average days on market is consistent with last year, but the average selling price is a little lower. Since closings sometimes are crowded towards the end of the month, we will need to wait and see how February pans out. Please visit my website, Louisville, KY Homes for Sale, for more information.

Number of Houses Sold This Month 383	Average Selling Price This Month $155,382
Average Days on the Market This Month 91	Number of Houses on the Market this Month (As of 2/17/2008 12:13:03 AM) 9842
Median Selling Price This Month $134,850

Louisville, KY Real Estate Market Summary 02/01/2008

Here are the current market stats for the end of January. The number of homes sold is still a little low compared to the pace last year, but not all January sales are posted at this time. The average days on market is consistent with last year, but the average selling price is a little higher. It is still too soon in the year to determine if these numbers indicate any trouble, so we need to continue to wait and see how things stabilize. Please visit my website, Louisville, KY Homes for Sale, for more information.

Number of Houses Sold This Month 802	Average Selling Price This Month $172,735
Average Days on the Market This Month 88	Number of Houses on the Market this Month (As of 2/1/2008 6:35:43 PM) 9862
Median Selling Price This Month $133,800

Louisville, KY Real Estate Market Summary 01/13/2008

Here are the current market stats for the beginning of ‘08. The number of homes sold is a little low compared to the pace last year, but it will adjust as numerous pending sales record over the next few weeks. The average days on market is high, but so is the average selling price. It really is too soon in the year to determine if these numbers are trouble, so we need to wait a month or so and see how things stabilize. Please visit my website, Louisville, KY Homes for Sale, for more information.

Number of Houses Sold This Month 291	Average Selling Price This Month $192,547
Average Days on the Market This Month 87	Number of Houses on the Market this Month (As of 1/13/2008 2:10:47 PM) 9668
Median Selling Price This Month $140,000

Louisville, KY Real Estate Market Summary 12/30/2007

Here are the current market statistics for the Greater Louisville, KY area as of 12/30/2007. The inventory increased to 10 months by the end of November, yet the average days on market, number of sales, and average sales price remained historically consistent for Louisville.  Contact me through my website, Real Estate in Louisville, KY, if you have any other questions.

Sales and Inventory History

Sunday, December 30, 2007
Category - Residential / PropType: SFR, CND

Month	Year	Monthly Sales		Avg Sale Price		Avg DOM	Curr Inventory	Months Inventory
January	2007	866		$155,235		92.0	7350	8.49
February	2007	1032		$160,571		85.0	7260	7.03
March	2007	1364		$172,038		90.0	7598	5.57
April	2007	1317		$169,138		85.0	7677	5.83
May	2007	1529		$173,473		77.0	7941	5.19
June	2007	1587		$188,919		77.0	8309	5.24
July	2007	1463		$183,881		75.0	8506	5.81
August	2007	1490		$181,893		75.0	9200	6.17
September	2007	1050		$170,112		72.0	9535	9.08
October	2007	1080		$174,745		76.0	9789	9.06
November	2007	991		$179,529		81.0	9956	10.05
Total	2007	13769		$173,594		80.5	8,466	7.09

Louisville, KY Real Estate Market Summary 12/16/2007

Here are the current market statistics for the Greater Louisville, KY area as of 12/16/2007. Inventories continued to increase throughout November into December and sales dipped, leaving us with 9.5 months worth of homes available for sale. This is still a little high for the area and will probably result in a bit of price stagnation, plus a significant number of these homes just won’t sell unless the seller takes steps to make updates, or otherwise improve value.  Please visit my website if you have any additional questions, Homes in Louisville.

Sales and Inventory History

Sunday, December 16, 2007
Category - Residential / PropType: SFR, CND

Month	Year	Monthly Sales		Avg Sale Price		Avg DOM	Curr Inventory	Months Inventory
January	2007	784		$159,621		92.0	6151	7.85
February	2007	932		$163,589		83.0	6157	6.61
March	2007	1230		$176,310		89.0	6147	5.00
April	2007	1201		$174,290		84.0	6331	5.27
May	2007	1377		$177,705		76.0	6489	4.71
June	2007	1422		$194,758		73.0	6734	4.74
July	2007	1313		$189,033		73.0	6913	5.27
August	2007	1321		$186,312		72.0	7414	5.61
September	2007	942		$174,795		68.0	7864	8.35
October	2007	960		$180,822		73.0	8260	8.60
November	2007	873		$182,485		77.0	8535	9.78
Total	2007	12355		$178,156		78.2	7,000	6.55
Total	2007-2007	12355		$178,156		78.0	7,000	7.00

Louisville, KY Real Estate Market Summary 12/03/2007

Here are the current market statistics for the Greater Louisville, KY area as of 12/03/2007.  Inventories increased throughout November and sales dipped, leaving us with 11 months worth of homes available for sale.  This is a little high for the area and will probably result in a bit of price stagnation, plus a significant number of these homes just won’t sell unless the seller takes steps to make updates, or otherwise improve value.

Sales and Inventory History

Monday, December 03, 2007
Category - Residential / PropType: SFR, CND

Month	Year	Monthly Sales		Avg Sale Price		Avg DOM	Curr Inventory	Months Inventory
January	2007	865		$155,368		92.0	7108	8.22
February	2007	1028		$160,762		85.0	7472	7.27
March	2007	1359		$172,067		89.0	7370	5.42
April	2007	1316		$169,291		85.0	7641	5.81
May	2007	1529		$173,986		77.0	7820	5.11
June	2007	1586		$188,972		76.0	8117	5.12
July	2007	1456		$184,063		75.0	8421	5.78
August	2007	1480		$181,675		76.0	8835	5.97
September	2007	1043		$170,117		72.0	9427	9.04
October	2007	1062		$174,823		75.0	9868	9.29
November	2007	883		$179,846		81.0	10259	11.62
Total	2007	13607		$173,725		80.3	8,394	7.18
Total	2007-2007	13607		$173,725		80.0	8,394	7.0

Louisville, KY Market Summary 11/20/2007

Here are statistics dating back two years for the Louisville, KY real estate market. It shows positive signs of consistency in price and days on market, but inventories remain high. Another positive sign is the number of homes sold in the area has remained constant. The market should continue to remain strong for quality homes in desirable locations, but higher inventories will force some sellers to make pricing concessions.

Please feel free to contact me or comment and add your thoughts and opinions…

Sales and Inventory History

Tuesday, November 20, 2007
Category - Residential / PropType: SFR, CND

Month	Year	Monthly Sales		Avg Sale Price		Avg DOM	Curr Inventory	Months Inventory
January	2006	810		$168,210		83.0	6356	7.85
February	2006	951		$155,346		87.0	6497	6.83
March	2006	1345		$162,472		88.0	6629	4.93
April	2006	1203		$168,889		78.0	6803	5.66
May	2006	1546		$173,786		79.0	7042	4.55
June	2006	1562		$186,840		78.0	7284	4.66
July	2006	1499		$184,804		78.0	7564	5.05
August	2006	1559		$173,668		76.0	7790	5.00
September	2006	1269		$171,710		75.0	7989	6.30
October	2006	1224		$175,824		77.0	7974	6.51
November	2006	1172		$174,329		82.0	7902	6.74
December	2006	1042		$171,151		84.0	7594	7.29
Total	2006	15182		$172,252		80.4	7,285	5.92
January	2007	865		$155,368		92.0	7346	8.49
February	2007	1028		$160,762		85.0	7432	7.23
March	2007	1359		$172,073		89.0	7470	5.50
April	2007	1316		$169,291		85.0	7769	5.90
May	2007	1528		$174,063		77.0	8006	5.24
June	2007	1584		$188,797		76.0	8362	5.28
July	2007	1452		$183,820		75.0	8595	5.92
August	2007	1477		$181,904		76.0	9212	6.24
September	2007	1037		$169,921		72.0	9754	9.41
October	2007	1046		$173,858		76.0	10234	9.78
Total	2007	12692		$172,986		80.3	8,418	6.90
Total	2006-2007	27874		$172,619		80.0	7,852	6.50

Welcome!

I decided to start a second blog dedicated to discussing real estate in and around the Louisville, KY area.  I want to focus specifically on the current market, trends, and home buying and selling issues.  Please feel free to comment, or submit content for me to post.  I would love to hear your opinions and thoughts on real estate in Louisville, KY!