First, a note of caution:  June was a very good month, relatively speaking.  So any comparisons to June of 2009 will make just about anything look bad.  And that is exactly what happened in Area 3 of the Louisville MLS, which includes St. Matthews and Crescent Hill.  But Area 2, which includes the Highlands and Germantown, did much better.

After a good June, we had an OK July.  But if you compare July to June, it looks like the Highlands might not have been at the top of its game.

July 2009 numbers for the Highlands Area:

Average Sales Price:  $184,072, just about even with June!

Median Sales Price:  $142,500, down 10% from June!

# of Units Sold:  86, down 20% from June!  Ouch.

For a different perspective, let’s compare July 2009′s numbers to those of July in 2008, and see if things look any better.

Average Sales Price:  July 2009 was 1% higher than July 2008!

Median Sales Price:  July 2009 was 4% higher than July 2008!

# of Units Sold:  July 2009 was only 4% lower than July 2008!

Maybe it’s not that bad out there after all.

If you have any questions about anything at all related to the Highlands Real Estate, please don’t hesitate to visit my web site at www.GregFly.com.  You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.