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Reading the September 2008 Numbers!
By Bob | October 2, 2008
The slide of Louisville home sales appears to have just about leveled off in September 2008 when compared to a year before. The number of homes sold and closed last month was just 7% off from September 2007 but off 20% from September 2006.
The numbers indicate that the housing slowdown has been affecting the Louisville are for more than a year now. There may be an upturn on the horizon for home sales everywhere with reports that home sales in Orlando Florida are up from a year ago.
The number of days the average home sat on the market in September was 85 and though that number is up from 72 in September 2007 it was actually down from the 90 days on the market in August 2008.
The Median sales price of a Home in Louisville Kentucky was actually down 7.5% from $141,500 in September 2007 to $130,000 In September 2008. The drop is price can clearly be attributed to the number of homes on the market in a short sales position and in foreclosure.
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September, 2008 |
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This month: 932 Last month: 1030 This month last year: 0 |
This month: 1013 Last month: 965 This month last year: 0 |
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This month: $157,722 Last month: $181,472 This month last year: $0 |
This month: 85 Last month: 90 This month last year: 0 |
131,000 |
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September, 2007 |
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This month: 1046 Last month: 1334 This month last year: 0 |
This month: 1113 Last month: 1519 This month last year: 0 |
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This month: $173,344 Last month: $179,782 This month last year: $0 |
This month: 72 Last month: 74 This month last year: 0 |
141,500 |
Topics: For Buyers |
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