Mid-May "2008" real estate update for "Derby City" Louisville, Kentucky!
The number of homes listed for sale are down (YTD) and the total number of homes sold (YTD) are down compared with last years numbers (2007). The number of homes listed for sale are down 3.2%. Rates are steady this week (6.01% avg.) Home buying is down, 25.4%, compared to last years numbers, that's "bad news", means homes aren't selling, but fewer homes are coming onto the market.
The number of unsold single family homes and condo's for sale is over 10,300 for the Louisville area market (Jefferson County). This activity is "shaky news", means homes are selling "slower" but fewer homes are coming onto the market. The time it talkes to sell has almost doubled (days on the market). Hopefully with the signing of the tax rebate bill and continuing good interest rates, mild sping weather, major labor contract signings with two of Louisville's largest employers' plus a major base realignment at Fort Knox, will bring more buyers into the real estate market for 2008!
ZIP Codes: All, 402, codes Approximate Location Boundaries: Surrounded by Jefferson County, just south of the Ohio River, an hour southwest of Cincinnati, an hour south of Indianapolis and three hours north of Nashville.
Location Characteristics: Warm, friendly southern Hometown folks, Louisville is the home of the "Kentucky Derby"! Louisville is "Derby City"!
About Bob Patton:
I'll take the time to really listen and understand your needs! Work around your schedule, give you access to all the inventory! Be honest with you and go the extra mile to help you achieve your real estate goals! Your "RE/MAX" Real Estate Professional !
A full time real estate pro since 1985!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
