The past eight or nine weeks have seen the prices for homes for sale in Louisville fall from about $170,000 to just under $160,000.  Before that time, we had seen a pretty decent run up in the pricing of active homes on the market, but it now appears that the market has taken a turn for the worse.  There are probably a few reasons contributing to that finding, such as the winding down of the $8,000 first time home buyer’s tax credit and the seasonal slow down of fall and winter.

In addition to falling prices, we have rising inventory levels.  Granted, the price did not fall much last week, and the inventory did not rise much, but if you are a home seller, those are two trends that you would like to see going in the other direction.  The graph below, which tracks the number of homes for sale in Louisville, shows a clear trend upwards, starting around 4,200 units on the market in late April, up to 4,400 currently for sale last week.

If you have any questions about Louisville real estate in general, please visit my website at www.GregFly.com.  Also, please feel free to call anytime or send me an email at greg@gregfly.com.

Tags: Homes for sale in Louisville, Homes for sale Louisville, Homes for sale Louisville Ky, Houses for Sale in Louisville, Louisville Home Listings, Louisville KY real estate, Louisville real estate, Louisville Real Estate Agent

This entry was posted on Monday, October 12th, 2009 at 4:32 pm and is filed under Homes For Sale In Louisville Ky. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.