May 23, 2017

Reading the September 2008 Numbers!

The slide of Louisville home sales appears to have just about leveled off in September 2008 when compared to a year before. The number of homes sold and closed last month was just 7% off from September 2007 but off 20% from September 2006.

The numbers indicate that the housing slowdown has been affecting the Louisville are for more than a year now.  There may be an upturn on the horizon for home sales everywhere with reports that home sales in Orlando Florida are up from a year ago.

The number of days the average home sat on the market in September was 85 and though that number is up from 72 in September 2007 it was actually down from the 90 days on the market in August 2008.

The Median sales price of a Home in Louisville Kentucky was actually down 7.5% from $141,500 in September 2007 to $130,000 In September 2008. The drop is price can clearly be attributed to the number of homes on the market in a short sales position and in foreclosure.

 

 

September, 2008

 


Number of Houses Under Contract

This month: 932

Last month: 1030

This month last year: 0


Number of Houses Sold & Closed

This month: 1013

Last month: 965

This month last year: 0

 


Average Selling Price

This month: $157,722

Last month: $181,472

This month last year: $0


Average Days on Market

This month: 85

Last month: 90

This month last year: 0


Median Sales Price

131,000

 

September, 2007

 


Number of Houses Under Contract

This month: 1046

Last month: 1334

This month last year: 0


Number of Houses Sold & Closed

This month: 1113

Last month: 1519

This month last year: 0

 


Average Selling Price

This month: $173,344

Last month: $179,782

This month last year: $0


Average Days on Market

This month: 72

Last month: 74

This month last year: 0


Median Sales Price

141,500

www.weselllouisville.com

 

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Related posts:

  1. August 2008 Sales numbers for Louisville Kentucky
  2. April 2008 Louisville Home sales off 31 % from a year ago, but the news is not all bad.
  3. Good credit, a down payment and patience all needed as of June 1, 2008 to buy a home in the Louisville Kentucky area.
  4. Looking For A Ray Of Sunshine On A Cloudy Day
  5. Louisville Kentucky Homes Sales drop in July!

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