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 | ||
Tags: Buyers, Current Market, Joe Hayden Realtor, Louisville KY Real Estate, Sellers
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