Ford employees transferring to Louisville may be playing a small part in keeping Louisville homes sales moving upward! The number of Louisville Homes going under contract in September 2011 was up 4.8% over September 2010. Additionally the number of homes that sold and closed during the same period was up 15%.
On the surface those numbers are encouraging, but remember last year at this time we were still suffering from the tax credit whiplash. Many people who were going to buy during the 2nd and 3rd quarter of 2010 jumped in the housing market early to take advantage of the tax credits.
The point is it’s not terribly difficult to beat last year’s home sale numbers. Still the influx of Ford employees could help keep Louisville area home sales moving in a positive direction. Many of those employees are looking homes in the $150,000-$250,000 price range with some acreage.
But all want deals because they are coming from towns where they’re selling their homes for less than appraised values expecting to make up their loss on this end. The homes they will buy will be perceived as the best values in the area.
The same can be said about all buyers moving to Louisville from other towns. If you’re a seller you need to have your home looking near perfect, staged properly, DE cluttered, priced at the lower 1/3 of the comparable homes in your area. Any deviation from that formula and you’ll sit on the market.
A point of interest for you, our seller who follow what we say have sold. In July we put 19 homes under contract, in August we put 21 homes under contract and in September, we put 14 homes under contract. We’re ahead of our goals and on target to set a new record. If your thinking of selling or buying we’d love to help!
September 2011
| Number of Houses Under ContractThis month: 1093
Last month: 1272 This month last year: 0 |
Number of Houses Sold & ClosedThis month: 976
Last month: 1133 This month last year: 0 |
| Average Selling PriceThis month: $164,662
Last month: $169,023 This month last year: $0 |
Average Days on MarketThis month: 88
Last month: 86 This month last year: 0 |
Median Sales Price
135,00 |
September 2010
| Number of Houses Under ContractThis month: 1041
Last month: 1092 This month last year: 0 |
Number of Houses Sold & ClosedThis month: 826
Last month: 935 This month last year: 0 |
| Average Selling PriceThis month: $165,562
Last month: $172,949 This month last year: $0 |
Average Days on MarketThis month: 75
Last month: 74 This month last year: 0 |
Median Sales Price
137,500 |
September 2009
| Number of Houses Under ContractThis month: 1215
Last month: 1211 This month last year: 0 |
Number of Houses Sold & ClosedThis month: 1160
Last month: 1074 This month last year: 0 |
| Average Selling PriceThis month: $150,847
Last month: $166,106 This month last year: $0 |
Average Days on MarketThis month: 86
Last month: 84 This month last year: 0 |
Median Sales Price
132,000 |
Bob Sokoler is a former Anchor/Reporter turned Louisville Realtor 7 years ago, and co-owner of The Medley Sokoler Team in Louisville Kentucky. You can learn more about Bob, his Team by clicking Louisville Real Estate.
