November 2008 Home Sales in Louisville, KY

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 contact me.

November 2008

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	7	$125,400	53
1 Downtwn/Old&WestLouisville/Shively	70	$37,355	69
2 Butchertown/Highlands/Germantwn	31	$182,980	50
3 Brownsboro/StMatthews	31	$285,642	79
4 Pleasure Rdg/Valley Station	37	$92,336	63
5 Auburndale/Fairdale/Iroquois Park	48	$99,268	66
6 Buechel/Highview/Okolona/FernCreek	88	$116,346	78
7 FernCrk/Hikes Point/Jeffersontown	57	$175,456	62
8 Hurstbourne/Middletwn/Anchrg	43	$280,655	99
9 Anchrg/Lyndn/Prospct/UpRvrRd	47	$253,565	72
11 Bullitt Co.	53	$147,775	105
19 Spencer Co.	8	$152,791	140
20 Oldham Co. – North	18	$342,139	114
21 Oldham Co. – South	20	$214,305	69
30 Shelby Co.	15	$147,765	90

Source: MetroSearch, Inc. Values are not warranted by LHB.