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louisville home prices down: The Median Home Price in Louisville Dropped - 05/26/09 05:14 PM
The median home price for April 2009 was $124,000. "The median" is a term describing the half way price point. So, half of the homes sold in April were below $124,000 and half sold were above that amount. It's actually a pretty good measurement to determine how overall home prices are doing relative to another time in history.
For example, the median home price fell 6% from a year ago. That means the home values generally dropped. Although, this seems like tough news, The National Association of Realtors said that it fell 13.8% nationally.
It is also interesting that the amount … (0 comments)

 
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Perry Thomas

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Keller Williams

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