July 23, 2017

Home sales down… no surprise!

New Louisville Kentucky home sales numbers are out for October 2008 and though they don’t paint an encouraging picture or the local housing market,  they also don’t tell the whole story. The number of homes that sold and closed in October 2008 was down 25% compared to October 2007.  Homes that went under contract in October 2008 compared to a year before was down 30%. Uncertainty about the economy, the stock market roller coaster, Presidential election, lingering concern about gas prices and a fear of the value of homes decreasing all played a part in the slower sales report.
 There is some positive news to report starting with the number of homes on the market. Currently 10,482 show active, that’s down by about 500 from a month before. The average number of days on the market is down 10% in October 2008 compared to a month before and up only 4% from a year before.

October 2008:For more information and home listings go to www.weselllouisville.com 

 


Number of Houses Under Contract

This month: 778

Last month: 932

This month last year: 0


Number of Houses Sold & Closed

This month: 959

Last month: 1012

This month last year: 0

 

October 2007:


Number of Houses Under Contract

This month: 1115

Last month: 1046

This month last year: 0


Number of Houses Sold & Closed

This month: 1137

Last month: 1113

This month last year: 0

 


Average Selling Price

This month: $173,995

Last month: $173,344

This month last year: $0


Average Days on Market

This month: 73

Last month: 72

This month last year: 0


Median Sales Price

137,000

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Related posts:

  1. April 2008 Louisville Home sales off 31 % from a year ago, but the news is not all bad.
  2. August 2008 Sales numbers for Louisville Kentucky
  3. Louisville Kentucky Homes Sales drop in July!
  4. Reading the September 2008 Numbers!
  5. What helps our marketing of a home stand out?

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