Louisville Housing Market Update June 2012

Louisville Home Sales have increased 15% through May 2012.

 

2012 year-to-date home and condo sales in the Greater Louisville area are at 4673 units through May 31st which is 15% above the 4070 homes sold through the same period last year.   Prices are also up 4.2% to an average sales price of $163,013 from $156,388 in 2011.

The average sales price of $163,013 is almost back to 2005 levels.   Prices peaked in 2007 at an average sales price of $167.721.

Click here for the graph showing the trends since 2003.   Many properties are selling in less than a week and getting multiple offers.   All is a good sign our market is returning to a healthier state and looking good for the future.

Discussion

#1 By Glenna Knope at 6/27/2012 0:16 PM

Is there a way to determine how many of the sales are distressed situations.....foreclosure, short sell, etc?

#2 By Mike Hall at 6/27/2012 3:20 PM

To my knowledge the Greater Louisville Board of Realtors does not have a field that indicates a distressed sale to estimate what percentage of homes sold are either due to foreclosure or a short sale. I would estimate some areas of town are 40-50% of distressed sales. Other areas of town in high demand like the Highlands and St Matthews I would estimate below 5% are distressed. If you have a particular area I could pull the sales and manually calculate the percentage that is distressed over the last 30 days.

Post a Comment

From Our Archives

Posts By Category

All Categories Deal of the Day (2) Home Design (21) Louisville Home Buyers (27) Louisville Home Care (3) Louisville KY Market Stats (24) Louisville News & Events (37) Louisville Restaurants (2) Red Edge News (4) Restaurants (1) Selling a Louisville Home (15) Selling Your Home (6) Smart Home Technology (1) St Matthews (1)

Posts By Month

Grab Our RSS Feed
Selling Your Home?

If you are considering selling a home in the Louisville area, contact us first to get a free valuation and market analysis.

Free Market Analysis