Louisville Home Sales Surge in July 2012

The dust has settled and  Louisville Home Sale numbers for July 2012 are official! Spurred on by record low interest rates and even lower home sale prices Louisville Homes going under contract last month outpaced July 2011 by almost 29 percent. The number of homes closing was up by 19.44 percent.

Average home selling prices were down $2000 from a year before to $177,871 helped assure buyers they were getting a great deal. Interest rates hovering down in the 3.5 percent range helped convince buyers monthly mortgage payments would be low.

The good news for Louisville home sellers is that the worst may be over. Naturally no one can forecast the future, but unless the European economy completely collapses, home sale prices  appear to have bottomed out. If the national economic forecasts are correct, home prices should slowly start to increase in 2013.

Savvy Louisville home buyers are hearing the news reports of a possible increase in housing price next year, along with rumors interest rates will rise after the Presidential elections and they are turning to Realtors to get a perspective on the best areas for housing prices.   

By the end of July 2012 Our Medley Sokoler team had sold and closed more homes than all of 2011. As of this writing our total continues to climb with a  136 homes closed and a goal of more than 180 homes for the year easily reachable.

Our We Sell Louisville team is thrilled to play a small role in helping so many families reach their goals. For more on housing trends see our video below.

  

2012


Number of Houses Under Contract

This month: 1613

Last month: 1629

This month last year: 0


Number of Houses Sold & Closed

This month: 1196

Last month: 1209

This month last year: 0

 

 


Average Selling Price

This month: $177,871

Last month: $179,680

This month last year: $0


Average Days on Market

This month: 80

Last month: 83

This month last year: 0


Median Sales Price

145,000

 

 

 

2011 


Number of Houses Under Contract

This month: 1252

Last month: 1341

This month last year: 0


Number of Houses Sold & Closed

This month: 1048

Last month: 1137

This month last year: 0

 

 


Average Selling Price

This month: $179,612

Last month: $174,528

This month last year: $0


Average Days on Market

This month: 84

Last month: 79

This month last year: 0


Median Sales Price

145,000

 

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LOUISVILLE Market Trends

Total Properties Listed: 8,907
Month-Over-Month Change: 2.54%
Average Days On Market: 125
Total New Properties Today: 125
Median List Price: $169,900
Month-Over-Month Change: 3.03%