Louisville Homes Sales Up, Thanks to Tax Credit
Nov 24, 2009 Trends/Statistics
Saw this article in the CJ citing the reason for the increased number of Louisville home sales in October.
First-time buyers taking advantage of a special tax credit gave sales of existing homes their biggest surge in a decade, raising hopes for a turnaround in the housing market and pleasing Wall Street.
Looking specifically at Louisville the increase was substantial.
The Greater Louisville Association of Realtors recently reported that its members sold 1,210 homes in October, a 26 percent increase over a year earlier. The median price for homes sold by GLAR members was $133,500, also an increase from October 2008.
Critics say that these buyers were planning on buying anyway just not this early. Now that the tax credit has been extended, it’ll be interesting to see how sales move going into 2010.
Tags: Louisville Home Sales
February 2009 Home Sales in Louisville, KY
Mar 3, 2009 Trends/Statistics
Speaking plainly, more homes were sold faster in February than the previous month but at lower prices. 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.
February 2009
| AREA | SALES | AVERAGE | DoM |
| 0 Central Downtown District | 3  |
$29,833 |
105  |
| 1 Downtwn/Old&WestLouisville/Shively | 76 |
$36,478 |
78 |
| 2 Butchertown/Highlands/Germantwn | 41 |
$148,840 |
69 |
| 3 Brownsboro/StMatthews | 26 |
$227,448 |
88 |
| 4 Pleasure Rdg/Valley Station | 46 |
$79,446 |
80 |
| 5 Auburndale/Fairdale/Iroquois Park | 40 |
$88,717 |
68 |
| 6 Buechel/Highview/Okolona/FernCreek | 66 |
$124,574 |
60 |
| 7 FernCrk/Hikes Point/Jeffersontown | 63 |
$176,042 |
69 |
| 8 Hurstbourne/Middletwn/Anchrg | 49 |
$246,063 |
92 |
| 9 Anchrg/Lyndn/Prospct/UpRvrRd | 41 |
$268,834 |
92 |
| 11 Bullitt Co. | 44 |
$129,123 |
81 |
| 19 Spencer Co. | 5 |
$93,500 |
79 |
| 20 Oldham Co. – North | 21 |
$296,514 |
127 |
| 21 Oldham Co. – South | 19 |
$186,194 |
94 |
| 30 Shelby Co. | 28 |
$153,559 |
92 |
Source: MetroSearch, Inc. Values are not warranted by LHB.
January 2009 Home Sales in Louisville, KY
Feb 2, 2009 Trends/Statistics
Even though things looked up nationally last month, here in Louisville home sale numbers dropped January 2009 compared to December 2008. The weather certainly didn’t help with the big ice storm keeping people indoors, as much as possible.
If you haven’t read it year, be sure to check out our Louisville Kentucky Real Estate Review of 2008.
Like always, if you have any questions, please don’t hesitate to contact me.
January 2009
| AREA | SALES | AVERAGE | DoM |
| 0 Central Downtown District | 5 |
$70,809 |
41 |
| 1 Downtwn/Old&WestLouisville/Shively | 56 |
$37,127 |
81 |
| 2 Butchertown/Highlands/Germantwn | 30 |
$155,069 |
52 |
| 3 Brownsboro/StMatthews | 37 |
$242,254 |
84 |
| 4 Pleasure Rdg/Valley Station | 28 |
$93,035 |
83 |
| 5 Auburndale/Fairdale/Iroquois Park | 37 |
$90,351 |
83 |
| 6 Buechel/Highview/Okolona/FernCreek | 52 |
$124,346 |
81 |
| 7 FernCrk/Hikes Point/Jeffersontown | 54 |
$165,719 |
83 |
| 8 Hurstbourne/Middletwn/Anchrg | 29 |
$287,636 |
78 |
| 9 Anchrg/Lyndn/Prospct/UpRvrRd | 48 |
$328,328 |
133 |
| 11 Bullitt Co. | 35 |
$135,357 |
100 |
| 19 Spencer Co. | 11 |
$165,973 |
138 |
| 20 Oldham Co. – North | 15 |
$273,610 |
123 |
| 21 Oldham Co. – South | 10 |
$185,963 |
125 |
| 30 Shelby Co. | 25 |
$167,578 |
101 |
Source: MetroSearch, Inc. Values are not warranted by LHB.
December 2008 Home Sales in Louisville, KY
Jan 2, 2009 Trends/Statistics
December 2008 was certainly not a good month for Louisville home sales compared to 2008 but after seeing what happened in November I was expecting more down entries. Here’s hoping 2009 will bring the upward trend some are predicting.
If you have any questions, please contact me.
December 2008
| AREA | SALES | AVERAGE | DoM |
| 0 Central Downtown District | 3 |
$47,633 |
26 |
| 1 Downtwn/Old&WestLouisville/Shively | 81 |
$50,121 |
71 |
| 2 Butchertown/Highlands/Germantwn | 45 |
$167,390 |
66 |
| 3 Brownsboro/StMatthews | 30 |
$216,487 |
79 |
| 4 Pleasure Rdg/Valley Station | 47 |
$100,160 |
107 |
| 5 Auburndale/Fairdale/Iroquois Park | 34 |
$107,989 |
78 |
| 6 Buechel/Highview/Okolona/FernCreek | 98 |
$128,179 |
81 |
| 7 FernCrk/Hikes Point/Jeffersontown | 59 |
$171,210 |
74 |
| 8 Hurstbourne/Middletwn/Anchrg | 51 |
$236,240 |
81 |
| 9 Anchrg/Lyndn/Prospct/UpRvrRd | 49 |
$354,042 |
84 |
| 11 Bullitt Co. | 42 |
$117,370 |
86 |
| 19 Spencer Co. | 10 |
$132,200 |
54 |
| 20 Oldham Co. – North | 16 |
$247,738 |
85 |
| 21 Oldham Co. – South | 28 |
$216,751 |
89 |
| 30 Shelby Co. | 21 |
$154,433 |
116 |
Source: MetroSearch, Inc. Values are not warranted by LHB.
