The national and local headlines continue to give us all kinds of information about the housing market.  I thought I would pull some information from the Greater Louisville Association of Realtors Multiple Listing Service (GLAR MLS).  These numbers represent homes that were listed through a Realtor for the month of January/2007 compared with this past January.  With regard to months of inventory, 6 months or less is generally considered a seller's market.  Over 6 months of inventory is considered a buyer's market.   

January 2007

Sales: 866  Avg List$: 160,792  Avg Sale$: 155,235  Avg Days on Mkt: 92  Inv: 7306 homes

Months of inv: 8.44

January 2008

Sales: 696  Avg List$: 165,449  Avg Sale$: 159,447  Avg Days on Mkt: 88  Inv: 9098 Homes

Months of Inv: 13.07

If you are a buyer now, there are more homes in your price range. Remember to be represented and have your financial plan in place.  Your Realtor can prepare you for shopping by helping you with financing and connecting you with money and programs that are available for buyers depending on your financial situation.

If you are interested in your particular area or want to know if you are ready to start shopping, call or email me.