Louisville Ky Homes For Sale | Days On Market Still Trending Up

February 8th, 2010

The number of days that homes for sale in Louisville Ky are staying on the market is still trending up, from 80 days one year ago, all the way up to 170 days as of last week.  The gold line on the graph is the 90 day rolling average, or the trend line, while the black line shows actual weekly data points.  As you can see, it looks like there has only been one or two downward spikes in the weekly data, which isn’t enough to influence the trend line and bend it down.  As a result, the trend line has moved unfailingly in one direction over the past year for the entire Louisville real estate market.

Louisville Ky homes for sale DOM


Norton Commons Homes For Sale | Interior picture of home built by Louisville custom home builder Stonecroft Homes

February 8th, 2010

Here is an interior picture of the kitchen in Stonecroft Homes model home in Norton Commons. Just look at the level of finishes in this home and you can see why Stonecroft Homes is the premier builder in the Norton Commons development.

For more information on Stonecroft Homes, please visit their website at www.StonecroftHomes.net

To see all of the Norton Commons homes for sale, please visit my newest blog site, only for Norton Commons, at www.NortonCommonsRealEstate.com

Posted via email from Louisville Kentucky Real Estate, Homes For Sale


Norton Commons Real Estate – 2009 in review

February 6th, 2010

Last year, only 32 single family homes sold in the Norton Commons development located in eastern Jefferson County. Normally, most neighborhoods might consider that a good sales number, but many people have understood for years that Norton Commons was expecting quite a bit higher sales volume. Now, to be fair, these numbers are only what the local Board of Realtors recorded, so it is quite possible that a number of homes sold that are shown in these numbers. In that same time frame, it appears that 54 new listings came on the market, and that there are only 20 active today. Again, one more thing to keep in mind, I am only writing about single family homes, I have not looked at any condo numbers in this short post. Norton Commons Real Estate 2009 Review If you would like to learn more about Norton Commons new homes, or Norton Commons homes for sale, please visit my website at www.GregFly.com. Also, please feel free to call anytime or send me an email at greg@gregfly.com.

Posted via web from Louisville Kentucky Real Estate, Homes For Sale


Louisville Homes For Sale Inventory Spikes 10% Higher In Just One Week!

February 4th, 2010

Louisville homes for sale inventory levels spiked quite a bit this past week, with over 500 homes coming on to the market, taking the total number of single family homes for sale in the city of Louisville to a hair over 4,500 properties.  Just last week, that measurement was at 3,950, meaning there are about 550 more homes for sale today than there were just last week, which works out to be a 14% rise in the number of available properties.  As spring continues to approach, and hope springs eternal, I wouldn’t be surprised to see a continue run of new listings coming on to the market.  Another thought is that there might be a large number of home owners who failed to sell their home last year, who waited the holidays out, and are now getting ready to try again, which would be a second group of sellers on top of the normal spring surge.  If this doubly large surge is coupled with a continued shortage of buyers, the time on market for sellers is going to rise through the roof.
Louisville Ky real estate inventory


Louisville St Matthews Video – Upcoming New Home Construction Project

February 2nd, 2010

Louisville Homes For Sale | Inventory Levels Trending Down

February 1st, 2010

Inventory levels of homes for sale in Louisville Kentucky are heading down, according to the 90 day trend line shown on the graph below.  Looking at all of the homes for sale in Louisville, I have put together a graph showing both the trend line, as well as weekly data points, which are shown in black.  The data points show a steady decline in inventory since late October, when inventory levels were right at 4,4oo.  Every week has seen the number of homes currently on the market decrease down to 3,900, but last week saw the first increase in inventory levels, up just a bit.  This decrease in weekly levels of inventory is why the gold line, the 90 day rolling average trend line, has also been trending down since early October.

Louisville Real Estate Inventory

For more information on Louisville real estate, please visit my website at www.GregFly.com


Louisville Ky Real Estate | Homes For Sale See Prices Drop A Bit More

January 27th, 2010

The asking price for Louisville homes for sale continues to drop from summer time highs.  This time last year, it appears that the asking price of homes was trending up, as evidenced by the graph below.  But this year, it appears that most of the movement has been in a downward trend, shown by the gold line below.  The black line tracks individual weekly data points, and the last time we saw an increase in the asking price, even a small increase, was back in October, and that increase was pretty close to inconsequential.  We might have to go back to summer time to find two successive weeks of price increases, and as  you can see, we are off by over $20,000 since those summer highs.

Louisville Ky Real Estate Prices

Louisville Ky Real Estate Prices


Louisville Luxury Homes Dropping In Price From Summertime Highs

January 22nd, 2010

Louisville luxury homes have seen their asking price drop almost $40,000 from highs seen in the summer months.  Luxury homes, defined here as the most expensive 25% of homes on the market, started 2009 with a median price of $357,000 or so, rose to $415,000 in June, and have since fallen to current levels of $375,000.  These are not sales prices, so this graph does not mean that homes are necessarily selling for more or less, but rather this chart is all about asking prices of homes for sale in Louisville.

Louisville Luxury Homes Prices

Louisville Luxury Homes Prices


Louisville Homes For Sale | Inventory Levels Up Over 10% Compared To Last Year

January 21st, 2010

Even though inventory levels for Louisville homes for sale have been falling the past few months, from a high in late October of 4,400 homes, down to our current level of 3,900 homes, we are still over 10% higher than we were one year ago.  Early in 2009, there were just short of 3,500 homes for sale in Louisville, compared to the 3,900 available today.  That’s a difference of 400 homes, up over 10% from one year ago.  I suppose that means that earlier this year, the Louisville Real Estate market was carrying 20% more homes on the market than it held in early 2009.

Louisville Homes For Sale Inventory

Louisville Homes For Sale Inventory


Louisville Homes For Sale taking 85 days longer to leave market than last year

January 20th, 2010

This time last year, Louisville homes for sale were taking about 95 days to leave the market.  As of the latest data point collect this past week, homes are now taking an average of 180 days to leave the market, an increase of 85 days, or almost 100%!  This measurement is for single family homes in Louisville, or more precisely, Jefferson County, since they are one and the same now.  If you were to look at the gold line on the graph below, you would see an even greater change in the time on the market.  The gold line shows a rolling 90 day average to smooth out the graph line, and is a less volatile measurment.  But I still prefer to look at the data points, shown by the black line, when available.

Louisville Homes For Sale DOM

Louisville Homes For Sale DOM


© 2010 Greg Fly | Louisville Kentucky Real Estate Blog | Powered by WordPress | Theme by imFORZA | Log in
 

SEO Powered by Platinum SEO from Techblissonline