Louisville Real Estate Recovery!

Yea, Yea, Yea you may say it’s too early to tell if the housing market has really recovered. I’ll put my neck on the line out right now and tell you the worst of the home sale slump is behind us. Unless there’s a major shift in consumer interest in homes because of some future unknown event Louisville home sales in 2012 are back on track for much of our area.

Here’s why: Louisville Home sales for January 2012 are up 12.5% over a year ago. The number of homes going under contract are up 14.2% over January of last year as well. The median home sales price remained constant at $125,000 between the same 2 months. The number of homes on the market as of February 1, 2012 as of this writing was 7,550. That’s one of the lowest numbers in years.

Additionally we are watching buyer activity online reaching new records. Specifically we’re seeing more people return to home sale websites than ever before. Our phones are ringing off the hook and we sold 18 homes in January a month that in past years averaged 6-8 homes sold. We finished 2011 far ahead of what we had anticipated selling 130 homes and making us the number 1 full service realtor in Louisville for total volume.

We re so busy we’ve added 4 agents to our team to handle the requests for showings of our homes.Add everything up and the forecast for Louisville Home Sales in 2012 is good.

For more information about Louisville Real Estate head to http://www.WeSellLouisville.com or call Bob Sokoler (502) 376-5483. For your information, the median sales price is the price that lies in the middle of the list of prices of homes sold, ranked in order of amount (lowest to highest or vice versa). In other words, half the homes in your area sold for more, half sold for less.

January 2012

 

Number of Houses Under Contract

This month: 1043

Last month: 830

This month last year: 0

Number of Houses Sold & Closed

This month: 742

Last month: 860

This month last year: 0

 

Average Selling Price

This month: $154,606

Last month: $160,402

This month last year: $0

Average Days on Market

This month: 89

Last month: 96

This month last year: 0

Median Sales Price

125,000

 

January 2011

 

Number of Houses Under Contract

This month: 895

Last month: 711

This month last year: 0

Number of Houses Sold & Closed

This month: 657

Last month: 847

This month last year: 0

 

Average Selling Price

This month: $154,236

Last month: $172,640

This month last year: $0

Average Days on Market

This month: 93

Last month: 86

This month last year: 0

Median Sales Price

125,000