Drop in Unemployment Could Mean Increased Louisville Home Sales

Back in 2011, something occurred to me. It seemed that both national experts weren’t giving unemployment much weight when it came to analyzing home sales. It appeared a reasonable enough premise to research, so I did what I normally did… I jumped right in!

Louisville Unemployment Chart

Louisville Unemployment chart, 2006-2014
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10 Years of Louisville Home Sales Tells Us a Great Deal

The health of any real estate market is measured by steady increases in home values along with activity levels that trend upward along with population growth. The same is true for Louisville real estate. Going back 10 years gives us a more historical viewpoint on where we were and where we are now.

Chart of Jefferson County/Louisville Home Sales
Sales activity was steadily rising in Louisville through 2005. For the past four years home sales have been stagnant.
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Louisville Home Sales, Chart Lovers Rejoice

Today begins a new, regular posting of Louisville Home Sales compared to previous years. I find that putting data into pictures helps a great deal and I hope you find this new feature worthwhile!

Chart of Number of Louisville Homes Sold by Year
Charts like this one that shows Louisville homes sold by year really help you get a better understanding of the market.
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