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Home sales down… no surprise!
By Bob | November 1, 2008
New Louisville Kentucky home sales numbers are out for October 2008 and though they don’t paint an encouraging picture or the local housing market, they also don’t tell the whole story. The number of homes that sold and closed in October 2008 was down 25% compared to October 2007. Homes that went under contract in October 2008 compared to a year before was down 30%. Uncertainty about the economy, the stock market roller coaster, Presidential election, lingering concern about gas prices and a fear of the value of homes decreasing all played a part in the slower sales report.
There is some positive news to report starting with the number of homes on the market. Currently 10,482 show active, that’s down by about 500 from a month before. The average number of days on the market is down 10% in October 2008 compared to a month before and up only 4% from a year before.
October 2008:For more information and home listings go to www.weselllouisville.com
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This month: 778 Last month: 932 This month last year: 0 |
This month: 959 Last month: 1012 This month last year: 0 |
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This month: 1115 Last month: 1046 This month last year: 0 |
This month: 1137 Last month: 1113 This month last year: 0 |
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This month: $173,995 Last month: $173,344 This month last year: $0 |
This month: 73 Last month: 72 This month last year: 0 |
137,000 |
Topics: For Buyers, For Sellers, Trends |
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