Anchorage Ky homes for sale have seen their trendline that measures how long they are staying on the market decline, and quite significantly over the past two months.  The gold line, which measures the 90 day rolling average, or trendline, shows a peak value of 170 days in early January.  However, in the three months that have passed, single family homes for sale in 40223, which I loosely call the Anchorage Ky real estate market, have seen that DOM value drop almost 20 days, on average.  The difference is even more dramatic if you look at the weekly data points, shown in black, which has gone from almost 190 days to about 145 days.

The number of Anchorage Ky homes for sale, single family homes, have been increasing over the past few months, even as the last few weeks have been pretty steady, without any big ups and downs.  But the overall trend, shown by the gold line below, is up.  That gold line, which is a rolling 90 day average, has been influenced by the huge spike we saw a month or two ago, but the trend will continue unless we see some new buyers come on to the market.  If it makes you feel any better, the inventory situation in the Anchorage Ky real estate market is much better off than most other parts of town, which are seeing 25%, 33% and even 50% increases in the number of homes for sale.

Anchorage Ky homes for sale have seen their median asking price fall from above $330,000 down to about $280,000 as of this past measurement.  That is according to the trend line shown in gold below, which is a rolling 90 day average.  If you prefer to look at the actual data points, you will see much the same story.  Six months ago, the median asking price for homes on the market was right at $325,000, and as of this past week, that value is now $270,000.  In either case, the median price is down over $50,000 in just six months, which is not a great sign for the market going forward.  I’m a believer that the market will get better, just not anytime soon.

The percentage of sellers with Anchorage Ky homes for sale who have reduced their asking price is dropping.  A few months ago, nearly 50% of all sellers in Anchorage had reduced their price.  It looks like that was a pretty big spike, but since the September high, the percentage has dropped down to close to 30%.  Of course, that is if you look at the weekly data points, shown in black.  But the 90 day rolling average, shown in gold, shows the same basic trend.  One year ago, just under 30% of homes had reduced their price, that number rises to close to 42%, and now is headed back down to 36%.

Anchorage Ky homes for sale

Anchorage Ky real estate is often considered one of the premier locations and home to some of Louisville’s nicest properties, and most expensive.  As such, it would not be unreasonable to assume that with a depressed market and slow sales, that Anchorage sales would also slow down a bit.  To test my thinking, I dug up some quick numbers to see what exactly what is going on in Anchorage.  So far in 2009, 85 listings have come on to the market, but there are only 39 currently on the market today.  At first, that makes it seem that the rest have sold, but that is not the case.  Of the 85 listings that have come on the market so far in 2009, we have had only 20 sold properties in Anchorage so far, which is sales percentage well below that of the city at large.

Anchorage Ky Real Estate

If you have any questions about Anchorage Ky homes for sale, or 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.