Home ┬╗ Greater Louisville Realtors report improving home sales figures for September

Greater Louisville Realtors report improving home sales figures for September

Home Sales Statistics for Single Family Residential & Condo from Greater Louisville Association of REALTORS®

Members of the Greater Louisville Association of Realtors® continue to be encouraged with September closed home sales up 13 percent compared to September 2011. The year-to-date closing figure was also up 15 percent compared to January-September of last year.

The number of properties placed into a pending status on the Multiple Listing Service (MLS) during September 2012 was up 20 percent compared to the same month last year. Many of these September pending properties will show as sold in October. The average and median prices for September were up about 3 percent and 6 percent, respectively, compared to September 2011; and the year-to-date average and median prices remained up about 3-4 percent.

In Jefferson County the 2012 year-to-date average price remained at $167,000 and the median price is $138,000. The inventory of homes and condos currently for sale is about the same as this time last year, with about 4,400 for sale in Jefferson County and 7,200 total for sale in the Greater Louisville multiple listing system.

As in previous months, record low interest rates continue to fuel purchases by owner-occupant buyers and investors in September. These low rates (e.g. mid 3 percent for 30-year and high 2 percent for 15-year owner-occupant financing with good credit) will keep housing affordability at very favorable levels for the coming months.

 

All MLS Areas

Sept. 2011

Sept. 2012

% Change

Jan. 1 – Sept. 30, 2011

Jan. 1 -Sept. 30, 2012

% Change

Houses Sold      

974

1,098

12.73%

8361

9602

14.84%

Averages Selling Price    

$163,408

$168,763

3.28%

$164,303

$168,767

2.72%

Median Selling Price    

$135,000

$143,500

6.30%

$135,000

$140,000

3.70%

# of Active Listings Placed into Pending Status During Sept.

964

1157

20.02%

     
Active Listings at Sept. 30    

7044

7211

2.37%

     
                   
                   
                   

Jefferson County

Sept. 2011

Sept. 2012

% Change

Jan. 1 – Sept. 30, 2011

Jan. 1 -Sept. 30, 2012

% Change

Houses Sold      

675

782

15.85%

5782

6798

17.57%

Averages Selling Price    

$159,137

$167,036

4.96%

$162,067

$167,362

3.27%

Median Selling Price    

$127,000

$139,700

10.00%

$131,000

$138,000

5.34%

# of Active Listings Placed into Pending Status During Sept.

676

803

18.79%

     
Active Listings at Sept. 30    

4221

4379

3.74%

     
                   
                   
                   
                   

Oldham County

Sept. 2011

Sept. 2012

% Change

Jan. 1 – Sept. 30, 2011

Jan. 1 -Sept. 30, 2012

% Change

Houses Sold      

64

70

9.38%

572

657

14.86%

Averages Selling Price    

$279,242

$250,889

-10.15%

$274,754

$261,766

-4.73%

Median Selling Price    

$252,875

$211,000

-16.56%

$242,250

$230,000

-5.06%

# of Active Listings Placed into Pending Status During Sept.

58

73

25.86%

     
Active Listings at Sept. 30    

429

482

12.35%

     
                   
┬á                  

Bullitt County

Sept. 2011

Sept. 2012

% Change

Jan. 1 – Sept. 30, 2011

Jan. 1 -Sept. 30, 2012

% Change

Houses Sold      

65

75

15.38%

560

641

14.46%

Averages Selling Price    

$140,416

$150,985

7.53%

$138,591

$141,550

2.14%

Median Selling Price    

$135,000

$132,500

-1.85%

$129,925

$130,000

0.06%

# of Active Listings Placed into Pending Status During Sept.

62

81

30.65%

     
Active Listings at Sept. 30    

469

513

9.38%