May 26, 2017

Louisville Home Sales…Up for May! By Bob Sokoler – The Medley Sokoler Team – www.WeSellLouisville.com

Louisville Home SalesBy Bob Sokoler The Medley Sokoler Team www.WeSellLouisville.com New Louisville Real Estate home sales numbers for May 2010 are in and the trend is encouraging. The key numbers to review are the homes going under contract in May 2010.   Without the tax credit incentives, Louisville homes going under contracts in May totaled 1205, outperforming May 2009 by 36 contracts. Granted, not an enormous increase in sales, but still good when you remember that there was a Louisville buying frenzy towards the end of April as the end of the tax credits neared. It’s believed a number of Louisville home buyers who would have waited for May, June or July to buy a home, accelerated their time table for a purchase to take advantage of the $8,000 1st time home buyers tax credits and the $6,500 move up tax credits.

Another series of numbers to review are the number of homes sold and closed in May. The numbers totaled 1346, up 420 homes from a year ago. Naturally, some of those sales were carry over’s from March and April when the buyer tax credits were in effect.  

Other factors between May 2010 and May 2009 were also encouraging. For example the average selling price of a home in the Louisville Area increased from $153,613 in May of 2009 to $160,569 in May of 2010. Additionally the average number of days on the market for a home in the Louisville area shrank from 87 in may of 2009 to 81 in May of 2010.

It’s all positive news for the Louisville Real Estate area. Hopefully home sales will continue to increase and prices will rise for sellers. For buyers, as sellers come out of hiding and place their homes on the market, more inventory will mean more competition for a sale and that should keep prices of homes from skyrocketing. Our phones have been ringing off the hook and we’ve added another agent to our team to handle the volume.

May 2010

Number of Houses Under Contract

This month: 1205

Last month: 2109

This month last year: 0

Number of Houses Sold & Closed

This month: 1346

Last month: 1108

This month last year: 0

 

Average Selling Price

This month: $160,569

Last month: $160,442

This month last year: $0

Average Days on Market

This month: 81

Last month: 88

This month last year: 0

Median Sales Price

138,000

 May 2009

Number of Houses Under Contract

This month: 1169

Last month: 1138

This month last year: 0

Number of Houses Sold & Closed

This month: 920

Last month: 787

This month last year: 0

 

Average Selling Price

This month: $153,613

Last month: $156,339

This month last year: $0

Average Days on Market

This month: 87

Last month: 93

This month last year: 0

 

I hope you enjoy reading these blogs as much as I enjoy writing them! 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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