Our Louisville Multiple Listing System recently released its January numbers, comparing residential sales statistics in January 2007 to stats in January 2008. The numbers show that we're very fortunate not to be living through the dip in prices that other pockets of the nation are facing.
Here are the sales statistics for single family homes and condos throughout our local MLS, which includes all of Louisville's Jefferson County and nearby counties such as Oldham, Trimble, Shelby, Henry, Spencer and Bullitt:
Homes Sales Report Jan 2007 Home Sales Report Jan 2008
Houses Under Contract 1251 1015
Houses Sold & Closed 954 802
Average Selling Price $163,506 $172,735
Median Sales Price $130,000 $133,800
Average Days on Market 89 88
As you can see, while the number of homes sold in January '08 as compared to January '07 fell about 19%, and the number of homes Sold and Closed also dropped about 16%, the average Selling Price INCREASED a full 5.5%!
That's good news ! With already attractive interest rates continuing to inch downward, more and more buyers are taking advantage of being able to get a lot more home for the money, and this is also great news for our local economy.
Jacki and Jerry Shafer are MEGA AGENTS with The Shafer Team and Keller Williams Realty Louisville East. Jacki and Jerry Specialize in eastern Jefferson County in Louisville and all over surrounding Oldham, Henry, Trimble and Shelby Counties in Kentucky.
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