March 29, 2017

Could Louisville Homes Sales be on the Increase? By Bob Sokoler, www.weselllouisville.com

By Bob Sokoler,  www.weselllouisville.com

New Home sales numbers for October 2010 show some encouraging signs. But you have to look beyond the current sold number. On the surface the number of homes that sold/closed in Louisville Kentucky was down some 65% when compared to October 2009. The raw numbers look this way 798 sold/closed in October 2010 compared to 1210 sold/closed the year before.

But here’s the ray of sunshine, the number of home going under contract in October this year compared to last October was only off 77%. Sure that’s not much encouragement but for sellers any sign of life in the Louisville Housing industry is better than nothing.

For buyer’s this may be the best time ever to find deals at the lowest interest rates some 50 years. Plus Forbes Magazine has just picked Louisville as number 8 in their annual top 10 most affordable cities. This comes as no surprise to those of us living in Louisville, but for anyone thinking about moving here or currently renting in Louisville this should come as a wake-up call.

Additionally Norine and I have just returned from Austin Texas after earning a new CIAS designation (Certified Investor Agent Specialist) for anyone looking to invest in Louisville Real Estate. We think the future of Louisville Real Estate is on the upswing, though we expect to see a see-saw return to normal prices over the next 5 or so years.

October 2010

Number of Houses Under Contract

This month: 947

Last month: 1041

This month last year: 0

Number of Houses Sold & Closed

This month: 798

Last month: 826

This month last year: 0

Average Selling Price

This month: $169,018

Last month: $165,559

This month last year: $0

Average Days on Market

This month: 90

Last month: 75

This month last year: 0

Median Sales Price

134,000

October 2009

Number of Houses Under Contract

This month: 1232

Last month: 1215

This month last year: 0

Number of Houses Sold & Closed

This month: 1210

Last month: 1160

This month last year: 0

Average Selling Price

This month: $163,001

Last month: $150,847

This month last year: $0

Average Days on Market

This month: 84

Last month: 86

This month last year: 0

Median Sales Price

133,500

We really hope you enjoy reading our blog as much as we enjoy writing it If you have any questions about Louisville Real Estate as a buyer or a seller please e-mail me directly at bob@bobsokoler.com , call me (502) 376-5483 or visit our websites www.weselllouisville.com or www.louisvillehomestoday.com

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Related posts:

  1. Louisville Home Sales slip again but there is some good news. By Bob Sokoler, www.weselllouisville.com
  2. Louisville Home Sales…Up for May! By Bob Sokoler – The Medley Sokoler Team – www.WeSellLouisville.com
  3. Louisville Real Estate home sales June 2010, By Bob Sokoler, www.weselllouisville.com
  4. Home sales down… no surprise!
  5. Louisville Kentucky Homes Sales drop in July!

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