Reports from CoreLogic come out each and every month. I don’t always publish the results because it’s quite dry and without regular context it’s often hard to decipher.
The other side of the story is that it presents a credible source that affirms the messages I’m communicating to my readers on LouisvilleHomesBlog.com. So for that reason, I publish the results from time to time.
The biggest take-away is that Louisville real estate trails the national trends, primarily in time and scale. We’re anywhere from 1-3 years behind what happens nationally. More importantly, when the nation falls drastically, we fall less severely. When the nation rises, we do too, but at a lower rate.
With that said, here’s the report for March 2012 from CoreLogic.
In Louisville-Jefferson County, home prices, including distressed sales, declined by 0.1 percent in March 2012 compared to March 2011 and increased by 0.3 percent* in February 2012 compared to February 2011. Excluding distressed sales, year-over-year prices declined by 0.6 percent in March 2012 compared to March 2011 and declined by 0.2 percent* in February 2012 compared to February 2011.
Kentucky, as a state, saw a drop of -0.6% in the index.