Now that 2009 has drawn to a close, we're seeing numerous reports on how the local real estate market has fared compared to 2008. We've crunched the numbers here at Mock Realty, and the news is that Louisville could have fared a lot worse, fortunately. In fact, one area of the market, attached dwellings (such as condos and townhomes) actually saw an increase in the number of properties sold, although there was a slight drop in sales price. Here are the numbers:
Residential Properties
In 2008, there were 206 sales, with a median sales price of $335,000. 2009 had nearly identical numbers, with 203 sales having the same median price of $335,000.
Attached Dwellings
In 2008, there were 57 sales, with a median price of $212,000. In 2009, the number of sales increased 17% to 69 total sales, but there was a 2% decrease in the median sales price.
I think these numbers reinforce the solid nature of the Louisville real estate market. It remains a desirable place to live, with consistent sales numbers despite the difficulties in the national real estate market. Here's hoping for healthy growth in the market for 2010!
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