Louisville home sale numbers from April 2011 compared to April 2010 are down 17% and homes going under contract are down 44%. But don’t let the numbers fool you; remember tax credits last year artificially accelerated home sales. This year we’re looking at terrible weather, rising gas prices and an economy that still hasn’t stabilized.
Yet despite the numbers, mother nature and uncertainty, homes are still going under contract and being sold. There are more people out now looking for homes than in past months but they are looking for bargains and are not afraid to wait until they find one.
Some Louisville home sellers are coming to the painful realization they may not make a major profit if they want to sell this year. Deals are out there, sellers are willing to deal, interest rates are stable for now at below 5% and once Derby is over and the weather gets better we should see home sales pick up even more.
Bob Sokoler is a former Anchor/Reporter turned Louisville Realtor 7 years ago in Louisville Kentucky. You can learn more about Bob, his Team and Louisville Real Estate at www.weselllouisville.com
April 2011 |
Number of Houses Under Contract
This month: 1222 Last month: 1374 This month last year: 0 |
Number of Houses Sold & Closed
This month: 921 Last month: 891 This month last year: 0 |
Average Selling Price
This month: $155,963 Last month: $152,801 This month last year: $0 |
Average Days on Market
This month: 85 Last month: 87 This month last year: 0 |
Median Sales Price
127,000 |
April 2010 |
Number of Houses Under Contract
This month: 2109 Last month: 1437 This month last year: 0 |
Number of Houses Sold & Closed
This month: 1108 Last month: 990 This month last year: 0 |
Average Selling Price
This month: $160,442 Last month: $157,639 This month last year: $0 |
Average Days on Market
This month: 88 Last month: 88 This month last year: 0 |
Median Sales Price
135,000
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