Louisville Home Sales for April 2012 climb!

Where is the News Media when you need them? One of the biggest Louisville stories of the past 2 years and the media is absent, missing, nowhere to be found!

Louisville Home Sales for the month of April were red hot.  The number of homes going under contract in April was up 16 percent over the same period a year before. The number of homes sold during the same time period up almost 13 percent.

The reasons for the increase in Louisville Real Estate prices is simple:

1. Interest rates are at an all time low. In fact last month after a slight rise above 5 percent on a 30 year fixed loan, the rate actually dropped.
2. Home prices are starting to climb in some areas of Louisville. In fact the average sales price jumped from $155,406 in April of 2011 to $169,552 last month.
3. There is a tremendous amount of pent up buying power! Let’s face it a number of buyers sitting on the fence waiting for the price of homes to bottom out. Well as of now, based on price trends, we have passed the bottom and heading up the hill.

How busy are we? We planed for 13 home sales in April. We hit 22 sales during the last week of April and carried another 5 over to May. We’ve sold several homes and condos in days not weeks or months.

If the media ever picks up on the story home sales may pick up even more. Thinking of selling? Let us know and we’ll put together a CMA to check the value of your