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Louisville Housing Market Update September 2012

Louisville Home Sales have increased 14.8% through Sept 2012.

 

The Louisville housing market continues to perform well with year-to-date sales of 9602 homes/condos through the end of September vs. 8361 sales in 2011 over the same time period.  

The average sales price of $168,767 is up 2.7% over the 2011 average of $164,303.  Click here for a graph.  

Homes put under contract in September are also up 20% vs. September 2011 so the closings this fall should continue to increase the percentage of improvement.  This is shaping up to be the best year since 2007,

Record low interest rates and improved consumer confidence are contributing to this increase.  If you are thinking about buying then I can't imagine the timing getting any better.  There is a shortage of good quality homes that are priced right so if you see something come on the market that looks good you better get out there and take a quick look.  I have had many homes end up in a multiple offer scenario.

If you see a home on this site you want to view just click on "Schedule Showing" and that will send the home to me and I'll be glad to set it up for you.  Call 502-509-5131 at any time or email MikeHall@RedEdgeLive.com if you have any home buying or selling questions.

Mike Hall

Principal Broker/Owner

Red Edge Realty

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