As you can see from the charts- Louisville Real Estate has seen some drop off in sales from 2010 YTD through October in all areas except for three- St. Mathews Ky and Crescent Hill are both up over 2010- which is expected given the stable markets in these areas as well as the Highlands. The surprise is the Area 5 which includes the Iroquois Park/Fairdale area. This area has seen some growth in 2011 in units sold but a dramatic decrease in price. The total decrease is greater than $18,000 on average. This will lead us to believe that the foreclosure/short sales have hit this area hard.
While the numbers look a little depressing, 2011 is only about 6% off 2010 and that is really not that bad considering how the news media bash the market nightly. Remember that the Louisville Real Estate Market does not have the highs and lows of other areas- it is failry consisent. If you would like more information on buying or selling a Louisville Ky home, let me know.
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