Feb Home Sales show highest increase since 2008

The Greater Louisville Association of Realtors®  released February  2013 statistics which show the highest sales volume and average sale price since 2008. 810 homes were sold by members in February 2013, which represents an increase of 5% compared to February 2012. The average price was $159,598, showing an increase of 2% compared to one year ago. The inventory of homes is down slightly (0.2%) from the level one year ago. “Our members were busy in February helping clients buy & sell properties” said GLAR President Paul Ogden. He added that, “almost 23% more properties were sold (placed into a pending status) this February, compared to a year ago. These numbers will show up in the March & April statistics that should also be strong compared to 2012. Interest rates have ticked up just slightly and we are seeing more buyers get off the fence.”

Feb---2013-Release1

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