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Louisville Home Sales July 2009
By Bob | August 1, 2009
Louisville home sales for July 2009 jumped. Louisville saw a 21% increase in home sales from July 2008. The numbers were still 13% below the levels of July 2007 (before the housing market tanked). There’s another great sign that the Louisville housing market has recovered, homes going under contract in July 2009 compared to the year before were up 32%.
Peak performing sales prices were in the 100,000- 160,000 and 200,000-250,000 price ranges. The success of the month of July points directly at the $8000 first time home buyers tax credit and lower interest rates. At the same time people living in those entry levels homes were able to buy their next home which would typically be in the 200,000-250,000 price point.
What all this means is simple, the first time tax credit works just look at the amazingly successful cash for clunkers car traded-in program that was extended this past Friday. Shouldn’t our government realize by now that extending and even better, expanding the home buyer tax credit program would go a long way to moving the housing market forward!
For more info on the Medley Sokoler team head to www.weselllouisville.com.
July 2009
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This month: 1284 Last month: 1331 This month last year: 0 |
This month: 1276 Last month: 1175 This month last year: 0 |
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This month: $171,793 Last month: $166,038 This month last year: $0 |
This month: 89 Last month: 84 This month last year: 0 |
140,000 |
July 2008
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Number of Houses Under Contract This month: 998 Last month: 932 This month last year: 0 |
This month: 1015 Last month: 1191 This month last year: 0 |
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This month: $173,521 Last month: $182,971 This month last year: $0 |
This month: 92 Last month: 88 This month last year: 0 |
141,000 |
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TOTALS REPORTS Residential Unit Sales Total Unit Sales 0-2 3 4+ Resid Condo/ Total PRICE CLASS/TYPE Bedrm Bedrm Bedrm Sales Co-Op Units
$29,999 OR UNDER 27 16 11 54 0 54 $30,000 - $39,999 7 11 4 22 0 22 $40,000 - $49,999 4 15 4 23 2 25 $50,000 - $59,999 3 20 1 24 4 28 $60,000 - $69,999 3 16 1 20 5 25 $70,000 - $79,999 11 21 3 35 5 40 $80,000 - $89,999 9 35 5 49 5 54 $90,000 - $99,999 6 36 5 47 11 58 $100,000 - $119,999 28 74 14 116 27 143 $120,000 - $139,999 19 99 38 156 26 182 $140,000 - $159,999 7 84 25 116 16 132 $160,000 - $179,999 4 61 15 80 12 92 $180,000 - $199,999 5 52 21 78 4 82 $200,000 - $249,999 2 65 59 126 10 136 $250,000 - $299,999 0 23 46 69 4 73 $300,000 - $399,999 0 15 51 66 7 73 $400,000 - $499,999 0 4 23 27 3 30 $500,000 OR OVER 0 1 25 26 1 27 Total Types: 135 648 351 1134 142 1276
Average Price: $88,784 $142,779 $265,027 $174,190 $152,654 $171,793
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Topics: For Buyers, For Sellers, Trends |
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