Louisville home sales were up 15.7 percent in September over the previous. This is the sixth straight month where real estate transactions in Jefferson County were higher in 2012 than the corresponding month of 2011.
This is very positive news after the past three years we’ve experienced of the worst housing market of the century— from 2009 to 2011.
This chart on LouisvilleHomesBlog.com compares each month’s activities with the most recent six years of data. Obviously, 2007 was a very good year, at or near the top of the market. Even 2008 had a fairly solid outing.
Once 2009 hit, experts knew the real estate market was in very serious trouble.
Today, we are seeing the kind of sales activity that it beginning to make up for these horribly down years.
Another way to get a feel for things is comparing the total number of sales from January through September for the past six years.
Jefferson County Home Sales: January – September Only
Source: Data comes from the Greater Louisville Association of Realtors.
As you can see, 2012 is the second best year in this comparison.
Louisville home prices moving higher
Home prices are also improving in Louisville. Looking merely at the trend-line, the most recent low-point came in February at $129,697.
In September, that number is now $134,391 … and moving higher! This is is positive news for home sellers. Along with the shrinking home inventory, selling your Louisville home will now be easier than it has been in years.
The value of the median home solid in Louisville during September was $139,700.
Buyers, on the other hand, having a shrinking window to grab that real estate bargain before mortgage interest rates move higher.