Can you believe it… Positive News for Louisville Home Sales!

Tonight there is some encouraging news for Louisville homeowners. New Louisville home sales numbers for January 2011 show the number of homes going under contract up some 14% over January of 2010. Not impressed, oh but you should be. Remember we had a first time and a move up buyers tax credit in effect last year. Add to that January weather was terrible! I can personally tell you it’s no fun slipping and sliding into and out of driveways and walkways. So 14% is a respectable number for homes going under contract.

The rest of the news for Louisville homeowners was not quite as encouraging. The number of homes actually closing was down 6% and the median sales price of homes was down $5000 from the year before. But Hopefully those numbers are the result of a slower December 2010 for home sales.

Our Medley Sokoler Team has been busy this past month. More activity than we can remember for a January. The glass is half full and filling up.

January 2011

Number of Houses Under ContractThis month: 895Last month: 711

This month last year: 0

Number of Houses Sold & ClosedThis month: 657Last month: 847

This month last year: 0

Average Selling PriceThis month: $154,236Last month: $172,640

This month last year: $0

Average Days on MarketThis month: 93Last month: 86

This month last year: 0

Median Sales Price125,000

January 2010

Number of Houses Under ContractThis month: 770Last month: 735

This month last year: 0

Number of Houses Sold & ClosedThis month: 700Last month: 972

This month last year: 0

Average Selling PriceThis month: $156,021Last month: $150,486

This month last year: $0

Average Days on MarketThis month: 81Last month: 83

This month last year: 0

Median Sales Price130,000

Bob Sokoler is a former Anchor/Reporter turned Louisville Realtor 7 years ago in Louisville Kentucky. You can learn more about Bob, his Team and Louisville Real Estate at www.weselllouisville.com

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