Members of the Greater Louisville Association of Realtors® continue to be encouraged with September closed sales
up 13% compared to September 2011. The year-to-date closing figure was also up 15% compared to January – September of last year. The number of properties placed into a pending status on the Multiple Listing Service (MLS) during September 2012 was up 20% compared to the same month last year. Many of these September pending properties will show as sold in October. The average and median prices for September
were up about 3% and 6%, respectively, compared to September 2011; and the year-to-date average and median prices remained up about 3-4%.
In Jefferson County the 2012 year-to-date average price remained at $167k and the median price is $138k. The inventory of homes and condos currently for sale is about the same as this time last year, with about 4400 for sale in Jefferson County and 7200 total for sale in the Greater Louisville multiple listing system.
As in previous months, record low interest rates continue to fuel purchases by owneroccupant buyers and investors
in September. These low rates (e.g. mid 3% for 30yr and high 2% for 15yr owner -occupant financing with good credit) will keep housing affordability at very favorable levels for the coming months.