Louisville KY Real Estate Market is Strengthening
Posted on September 6, 2007
The Louisville KY real estate market is strengthening. Here are some numbers:
Sales Jan 2006 – July 2006 Sales Jan 2007 – July 2007 % Change
Houses Under Contract 10042 10213 1.7% Increase
Houses Sold & Closed 8811 8998 2.1% Increase
Average Selling Price $172,273 $173,845 1.0% Increase
Median Sales Price $138,500 $139,900 1.0% Increase
While it doesn’t show a complete picture of the entire market, it does indicate that the market is improving. We still have the build up of inventory that is on the market, but at least it is starting to go off the market at a faster rate.
In general, it still remains a good time for persons to buy investment properties, or to move up from their existing home as there are still deals to be made. And in general, it is not a good time to make a lateral move, or downsize from your existing home.
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