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    September Sales Report

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    Courier Journal
    The document provides real estate statistics for several counties in the Louisville area for September 2011. It shows that home sales increased in September 2011 compared to September 2010 across most counties. While average home prices declined slightly year-over-year in some counties, inventory levels remained higher than 2010.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    September Sales Report

    Uploaded by

    Courier Journal
    21 views2 pages
    The document provides real estate statistics for several counties in the Louisville area for September 2011. It shows that home sales increased in September 2011 compared to September 2010 across most counties. While average home prices declined slightly year-over-year in some counties, inventory levels remained higher than 2010.

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    The Greater Louisville Association of Realtors’ September Home Sales Report

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    The document provides real estate statistics for several counties in the Louisville area for September 2011. It shows that home sales increased in September 2011 compared to September 2010 across most counties. While average home prices declined slightly year-over-year in some counties, inventory levels remained higher than 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views2 pages

    September Sales Report

    Uploaded by

    Courier Journal
    The document provides real estate statistics for several counties in the Louisville area for September 2011. It shows that home sales increased in September 2011 compared to September 2010 across most counties. While average home prices declined slightly year-over-year in some counties, inventory levels remained higher than 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Greater Louisville Association of REALTORS, Inc.

    Residential Sales Statistics Single Family Residential & Condo

    All MLS Areas Houses Sold Average Selling Price Median Selling Price # of Listings Placed into Pending Status During Sept. Active Listings at September 30

    Sept. 2010 826 $165,562 $137,500 913 7426

    Sept. 2011 975 $163,908 $135,000 986 8704

    Jan.1 Sept. 30, 2010 9025 $164,871 $138,000

    Jan. 1 Sept. 30, 2011 8363 $164,344 $135,000

    OverallMarketComment: MembersoftheGreaterLouisvilleAssociationofRealtorsposted975salesduringthemonthof September2011.Thismonthssalesfigurescontinuedthetrendofoutpacingthesameperiodlastyear, whichposted826salesduringSeptember2010.TheSeptember2011saleswere18%strongerthan September2010,continuedevidencethatRealtorsaresurvivinginapostHomeBuyerTaxCredit market.Thelatesummer2011salesquarter(JulyAugSept)posted3,156units,up14%from2010,but downfrompeaklevelsnotedinprioryears.Realtorswereencouragedbythestrengthofthesummer salesperiodwhichistraditionallythemostproductiveoftheyear.Theaveragesellingpricefor September2011was$163,908,down3%fromAugust2011,butnearevenwithSeptember2010s figureof$165,562.Theyeartodateaveragesalespricefor2011,$164,344,isvirtuallyunchangedwhen viewedagainstasimilaryeartodatefigurefrom2010,$164,871.Inventory,orthenumberofhomes forsale,declinedslightlyto8,704unitsinSeptember,from9,046unitsinAugust.Butthenumberof homesforsalecontinuestoexceed2010levelsandremainsneara9monthsupply;inventorylevels neara6monthsupplyareoftenassociatedwithaninbalancemarket. Overall,GLARmemberswereencouragedbythestrengthofthelatesummerquarterbutwilllook cautiouslytowardthefinalquarteroftheyearwhichtraditionallytrailsthemoreproductivespringand summerquarters.Despiteweakeconomicfactors,inventoryconcernsandcontinuedpressureonsales prices,alowinterestrateclimateandsignsthatyeartodateaveragehomevaluesremainstableare toolsRealtorswelcome.
    Jefferson County Houses Sold Average Selling Price Median Selling Price # of Listings Placed into Pending Status During Sept. Active Listings at September 30 Sept. 2010 547 $167,232 $137,650 623 4536 Sept. 2011 675 $159,137 $127,000 690 5468 Jan.1 Sept. 30, 2010 6274 $165,660 $135,750 Jan. 1 Sept. 30, 2011 5783 $162,044 $131,000

    JeffersonCountyMarketComment: Realtorsposted675closedsalesinJeffersonCountyinSeptember,adeclineof14%fromAugust,but anincreaseof23%fromSeptember2010.Theaveragesellingpriceinthecountylostgroundin September,fallingto$159,173,comparedto$167,232inSeptember2010.Yeartodate,theaverage salespriceinJeffersonCountyhaslost2%fromasimilarperiodlastyearandcurrentlystandsat $162,044.ThesupplyofhomesonthemarketinJeffersonCountystandsat5,468units,downslightly

    fromlastmonth,butup21%fromSeptember2010.Atthecurrentabsorptionrate,thecountyhasan8 monthinventoryofhomesonthemarket.Yeartodatesales,inthecounty,standat5,783units,down 8%fromasimilarperiodlastyear.Insummary,theJeffersonCountymarketfollowedthebroaderGLAR analysisbybreakingtheyeartodatetrendoflaggingbehind2010andpostingan18%increaseinthe monthssalesvolumewhenmatchedagainstthesameperiodlastyear.


    Oldham County Houses Sold Average Selling Price Median Selling Price # of Listings Placed into Pending Status During Sept. Active Listings at Sept. 30 Sept. 2010 45 $235,851 $210,000 50 490 Sept. 2011 65 $284,946 $254,750 62 535 Jan.1 Sept. 30, 2010 520 $250,420 $229,498 Jan. 1 Sept. 30 2011 573 $275,409 $242,500

    OldhamCountyMarketComment: ThenumberofclosedsalesinSept2011was44%higherthaninSept2010(whenthebuyertaxcredits hadended),bringingtheYTDtotalup10%comparedtothesametimelastyear.Theaverageand medianpricesinSept2011vs2010werebothupby21%,reflectingthesaleofsomelargerhomes.The YTDaverageandmedianfigureswereupamoremodest10%and5%respectivelyandarelessvolatile thansinglemonthdatapoints.Ontheonehand,thenumberoflistedhomesgoingundercontractwas up24%;butontheotherhand,theinventoryofunsoldhomesremainedhigherthanlastyearby9%. Continuedlowmortgagerates,improvedlocalemploymenttrendsandconsumerconfidencewillbethe keyfactorsthatcanallowfortheabsorptionofthecurrentinventoryofhomesandtheresumptionofa balancedmarketinOldhamCounty.
    Bullitt County Houses Sold Average Selling Price Median Selling Price # of Listings Placed into Pending Status During Sept. Active Listings at September 30 Sept. 2010 66 $142,277 $132,950 52 515 Sept. 2011 65 $140,432 $135,000 64 551 Jan.1 Sept. 30, 2010 624 $140,177 $126,900 Jan. 1 Sept. 30, 2011 560 $138,593 $129,950

    BullittCountyMarketComment: Realtorsposted65closedsalesinBullittCountyinSeptember2011,down12%fromAugust2011but nearlyevenwithSeptember2010s66closedunits.Theaveragesellingpriceinthecountyfor Septemberwas$140,432,upslightlyfromAugust($138,439),butnearevenwithSeptember2010s $142,277.Yeartodatesales,inthecounty,standat560units,down10%fromasimilarperiodin2010. Supply,orthenumberofhomesonthemarket,hasfallento551units,down33unitsfromAugust,but up7%fromasimilarperiodin2010. GLARContactInformation: LouiseMiller LisaStephenson President ExecutiveVicePresident (502)2148000 (502)8949860

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