Sept 2015 Home Sales up 12.7% YTD

The Greater Louisville Association of Realtors® (GLAR) reported year-to-date sales up 12.7% with 12,442 homes and condos sold versus 11,035 at the same time last year. Sales were up 17.7% in September 2015 (1,444 units) compared to September 2014 (1,227 units). The median price for all areas in September 2015 was up 1.3% compared to September 2014, and the year-to-date statistics show a 5.8% increase in values. In Jefferson County, the average price was $182,053 and the median was $145,000. For all MLS areas, the inventory of available properties was 18.5% lower than at the same time last year.

GLAR President Greg Taylor commented that, “Activity typically slows in the fall months, but we are seeing follow-through from strong summer sales. We are also experiencing continuation of a sellers’ market inside the Watterson Expressway.”

At the national level, Lawrence Yun, Chief Economist for the National Association of Realtors® (NAR) commented that, “Pending homes sales have leveled off since mid-summer; however, contract activity is still higher than a year ago.” He also remarked that adapting to the new CFPB mortgage rules could delay some sales this fall.

CLICK HERE for September 2015 Stats Report

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Nationwide Open House Weekend THIS Saturday and Sunday

If you’re in the market to buy a home, you’ll definitely want to take part in the REALTOR® Nationwide Open House Weekend on Saturday and Sunday.

REALTORS® across the Greater Louisville area and the country will be hosting open houses THIS Saturday and Sunday,  April 20-21 as part of REALTOR® Nationwide Open House Weekend.  It is designed to be a fun, convenient way to learn more about what is available in the local housing market and offer current and future potential homeowners a convenient, low pressure way to see as many homes as they wish in one weekend.  Tour open houses and ask questions of hosting REALTORS® regarding the buying and selling process and the housing market.

Take this opportunity to find the home you’ve been dreaming of!

Click here  to see a list of upcoming open houses in the Louisville area at www.LouisvilleRealtors.com.

Strong second quarter sales lift housing market

Strong second quarter sales lift housing in GLAR market area.  Members of the Greater Louisville Association of Realtors® posted 1,211 sales during the month of June 2012, a 6.5% increase over June 2011, and the best monthly sales performance since June 2010. The average selling price improved 3% over June 2011, and posted its best monthly figure in nearly 4 years, dating to August 2008 ($181,472). 

GLAR members are no longer facing declining value trends, rather they continue to monitor positive signs  that the local housing market has strengthened from years of negative news. In year ‐ over‐ year comparisons, all fields improved in June including sales volume, average and median sales prices, and active listings moved to pending status.

“The fact that home sales in June increased 6.5% and inventory levels moved just 2.1% is another strong signal that the local market is shaking the housing woes,” said GLAR President Louise Miller.  In sum, the direction of the Louisville area housing trend is welcome news for home sellers in the 8 county GLAR market.

Greater Louisville Association of REALTORS®
Residential Sales Statistics – Single Family Residential & Condo

Nationwide Open House Weekend: April 28-29

If you’re in the market to buy a home, you’ll definitely want to take part in the upcoming REALTOR® Nationwide Open House Weekend.   

REALTORS® across the Greater Louisville area and the country will be hosting open houses the weekend of April 28-29 as part of REALTOR® Nationwide Open House Weekend.  The weekend is designed to be a fun, convenient way to learn more about what is available in the local housing market and offer current and future potential homeowners a convenient, low pressure way to see as many homes as they wish in one weekend. Tour open houses and ask questions of hosting REALTORS® regarding the buying and selling process and the housing market.

So mark your calendar for April 28th and 29^th, your dream home is waiting!

Click here  to see a list of upcoming open houses in the Louisville area at www.LouisvilleRealtors.com.

Market Overview January 2012

Members of the Greater Louisville Association of Realtors® posted 742 sales during the month of January 2012. January’s total sales continued a seven -month trend of outpacing the same period last year, which posted 657 sales during January 2011. The sales volume trend was notable as it revealed the 2010 Home Buyer Tax Credit produced a surge in activity in the 2nd quarter of 2010, leaving a lean 3rd and 4th quarter in its wake. The average selling price paid for single family and condominium homes in January was $154,606, down $5,796 from December, but nearly even with January 2011’s average of $154,236. Average sales prices have retreated from the past 12 months peak of $179,758 posted in July 2011, but remain above the past 12 months low which was posted in March 2011 at $152,801. 

Inventory, or the number of homes for sale, snapped a 12 month declining trend, and rose to 7,331 units, from 7,294 in December ’11 and 7,825 in November ’11. The number of homes for sale continues to exceed 2010 levels, but January’s supply remained the 2nd lowest in the past 12 months. GLAR’s inventory of active listings increased to a 9.8 month supply in January; inventory levels near a 6 month supply are often associated with an in‐balance market.  Overall, GLAR members begin 2012 with optimism as January records a nearly 13% increase in sales volume and a 25% increase in listings reported pending, when compared to a similar period year. Market segment performance varies, but in sum, the warm start to 2012 offers a few degrees of positive news.

For a complete report, click  jan2012 stats.