We experienced a much better month in March than February. Every area in Louisville had increases in the number of homes sold (Area 0 stayed even with 10), some realizing a gain of almost 100%—Area 8-Hurstbourne/Middletown/Anchorage went from 44 sales in February to 90 this past month. Sale averages, however, did continue to decline in most areas. As always, if you have any questions, please don't hesitate to contact me. March 2010 AREA SALES AVERAGE DoM 0 Central Downtown District 10 $97,905 88 1 Downtwn/Old&WestLouisville/Shively 73

We're getting mixed results in February compared to January. Most areas saw total sales drop but home values increase. For the entire market, average home prices moved up approximately $2700 (not seasonally adjusted). As always, if you have any questions, please don't hesitate to contact me. February 2010 AREA SALES AVERAGE DoM 0 Central Downtown District 10 $134,550 102 1 Downtwn/Old&WestLouisville/Shively 59 $42,211 35 2 Butchertown/Highlands/Germantwn 53 $202,696 88 3 Brownsboro/StMatthews 38 $257,989 1

January was down from December in large part due to the weather, but also from uncertainty about the economy. There are signs that things will be picking up as we head into the Spring. As always, if you have any questions, please don't hesitate to contact me. January 2010 AREA SALES AVERAGE DoM 0 Central Downtown District 11 $165,907 90 1 Downtwn/Old&WestLouisville/Shively 56 $46,375 64 2 Butchertown/Highlands/Germantwn 54 $159,210 52 3 Brownsboro/StMatthews 35 $201,374 104 4 Pleasure Rdg/Valley Stat

Numbers are down for December, as expected, especially after a stronger than normal November. But maybe not as down as one might have guessed. As always, if you have any questions, please don't hesitate to contact me. December 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 6 $135,721 25 1 Downtwn/Old&WestLouisville/Shively 74 $46,566 77 2 Butchertown/Highlands/Germantwn 68 $178,766 76 3 Brownsboro/StMatthews 37 $244,747 82 4 Pleasure Rdg/Valley Station 52 $102,138 67 5 Auburnda

Possibly in reaction to a strong October, November numbers were, as expected, down. Following yearly trends, December should also be down as well, but according to many experts, 2010 should show some positive growth. As always, if you have any questions, please don't hesitate to contact me. November 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 6 $286,000 184 1 Downtwn/Old&WestLouisville/Shively 61 $59,669 71 2 Butchertown/Highlands/Germantwn 79 $178,683 54 3 Brownsboro/StMatthews 52 $198,109 80

In all but one of the Jefferson County areas home sales were up in October. That goes against seasonal trends where activity tapers off as we head into the Holidays. Average home sale prices were generally up as well, compared to September. As always, if you have any questions, please don't hesitate to contact me. October 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 8 $201,431 85 1 Downtwn/Old&WestLouisville/Shively 79 $42,525 57 2 Butchertown/Highlands/Germantwn 84 $181,561 71 3 Brownsboro/StMatthews 7

Numbers are mixed compared to August which actually isn't too bad considering that each year numbers typically drop off when summer is over and school starts. Like always, if you have any questions, please don't hesitate to contact me. September 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 8 $160,089 164 1 Downtwn/Old&WestLouisville/Shively 84 $47,110 71 2 Butchertown/Highlands/Germantwn 82 $174,103 66 3 Brownsboro/StMatthews 66 $207,960 73 4 Pleasure Rdg/Valley Station 69 $99,848 73

Fairly large drop from July but many experts believe we've reached the bottom of this housing recession. We'll see if their prediction prove true. Like always, if you have any questions, please don't hesitate to contact me. August 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 3 $143,333 82 1 Downtwn/Old&WestLouisville/Shively 65 $47,028 80 2 Butchertown/Highlands/Germantwn 75 $188,340 52 3 Brownsboro/StMatthews 71 $230,092 71 4 Pleasure Rdg/Valley Station 62 $104,477 89 5 Aub

As you'd expect, numbers are up for July over June as the Summer season here in Louisville is seeing a little jump. There are still 9,680 properties for sale in our entire MLS but that's down a bit from previous highs. Like always, if you have any questions, please don't hesitate to contact me. July 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 7 $81,000 44 1 Downtwn/Old&WestLouisville/Shively 74 $54,208 85 2 Butchertown/Highlands/Germantwn 122 $177,953 59 3 Brownsboro/StMatthews 79 $212,356 65

Mixed again this month as East End areas are up and those to the South are down. If you didn't see, here is last month. This is the last time I'll post about this but if you haven't read Louisville Kentucky Real Estate Review of 2008, here's your chance. Like always, if you have any questions, please don't hesitate to contact me. June 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 12 $97,479 53 1 Downtwn/Old&WestLouisville/Shively 78 $44,148 77 2 Butchertown/Highlands/Germantwn 104 $182,447 67 3 Brownsboro/

Mixed again this month as East End areas are up and those to the South are down. If you didn't see, here is last month. This is the last time I'll post about this but if you haven't read Louisville Kentucky Real Estate Review of 2008, here's your chance. Like always, if you have any questions, please don't hesitate to contact me. May 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 2 $109,000 69 1 Downtwn/Old&WestLouisville/Shively 78 $44,204 66 2 Butchertown/Highlands/Germantwn 75 $158,728 70 3 Brownsboro/St

Mixed again this month as East End areas are up and those to the South are down. If you didn't see, here is last month. This is the last time I'll post about this but if you haven't read Louisville Kentucky Real Estate Review of 2008, here's your chance. Like always, if you have any questions, please don't hesitate to contact me. April 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 1 $255,500 188 1 Downtwn/Old&WestLouisville/Shively 73 $41,886 60 2 Butchertown/Highlands/Germantwn 54 $165,982 80 3 Brownsboro

Numbers still moving up in most areas for number of sales over last month. Pricing also increasing, if only marginally. If you haven't read Louisville Kentucky Real Estate Review of 2008, I'd love to hear your feedback. Like always, if you have any questions, please don't hesitate to contact me. March 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 5 $38,520 51 1 Downtwn/Old&WestLouisville/Shively 81 $29,609 63 2 Butchertown/Highlands/Germantwn 46 $158,500 70 3 Brownsboro/StMatthews 37 $229,008 99

It's always interesting to me to see how headlines are formed. Sometimes they convey the true meaning of the article but many times they don't. Take this heading from The Wall St. Journal: Price Cuts Spur Home Sales Home sales rising should be great news right? Well, they seem to feel the need to couch it alongside some negative news—the price cuts. Are we sure that it was the price cuts the forced the increase? I'm sure they played a role but many factors, including things like the weather, affect home sale numbers. Then the WSJ does it again with the tagline: Largest Monthly

It seems the popular press today didn't listen to their parents growing up. I'm sure you've heard the instruction, "If you don't have anything nice to say, don't say anything at all." Apparently only bad news sells commercial time, newspaper subscriptions and online ad clicks. Well, here at Louisville Homes Blog, I'd rather tell you the whole story and let you figure out what it means. So here in our ultra-concise delivery method is the 2008 Year in Review for Louisville, KY Real Estate. Home Values in Louisville First, you need to understand that most valuations you find online are tru

I started collecting some news links when the site went down so here they are en masse. Mortgage rates at 37-year low Some folks are going to be kicking themselves when the rates rise and they didn't take advantage of them. Local home sales drop in November November was a terrible month for sales. As a whole, 2008 is going to be down as much as 20-30% in total number of properties sold. Please check Louisville Homes Blog for a report on those numbers in January. Home bargains can still be found in Louisville This shouldn't be surprising news to anyone watching the market these

The number of sales is down this month, as expected. Each year as we head into the Holiday season activity dies down then starts back up (slowly) after the New Year. But it's surprising to see prices up in most of the areas. In particular, Areas 7 and 8 saw solid increases and North Oldham went from an average value of $269,452 to $342,139. Now, averages fluctuate more erratically when the sample size is low so we can't put too much stock in these numbers. But it is interesting to see these value increases given the overall downward trend for the year. If you have any questions, please

More down than up this month, but where sale numbers are down, prices are rising. Looks like values are balancing out as we head into the Holidays. If you have any questions, please contact me. October 2008 AREA SALES AVERAGE DoM 0 Central Downtown District 8 $162,848 103 1 Downtwn/Old&WestLouisville/Shively 107 $43,226 67 2 Butchertown/Highlands/Germantwn 58 $164,055 62 3 Brownsboro/StMatthews 41 $229,671 60 4 Pleasure Rdg/Valley Station 56 $103,127 73 5 Auburndale/Fairdale/Iroquois Park