Sales in Oldham County up nearly 90 percent
LOUISVILLE, Ky. (Feb. 20, 2013) — Greater Louisville-area realtors started 2013 off with a bang. They recorded the highest sales volume since 2007 in January, and the highest average and median sale prices since 2008, according to the Greater Louisville Association of Realtors.
The Greater Louisville area includes Jefferson, Oldham and Bullitt counties.
GLAR members sold 880 homes in January, which represents an increase of more than 18 percent compared to January 2012. The median prices was $133,000, and the average price was $164,497, showing increases of 6 and 7 percent, respectively, compared to one year ago.
The inventory of homes in the Greater Louisville area is down slightly — 1.57 percent — from last year during the same time period. As of Jan. 31, area realtors had 5,967 active listings.
The biggest growth was in Oldham County, where the number of homes sold was up nearly 90 percent.
“Our members are looking forward to a strong spring selling season, building on relatively good winter months,” said GLAR President Paul Ogden. “We also anticipate higher numbers of FHA purchases leading up to the increases in mortgage insurance premiums that take effect April 1 that will be collected for the life of the loan (effective June 3).”
January in Jefferson County
Houses sold — 619 (up 17.9 percent over 2012)
Average selling price — $154,704
Median selling price — $128,000
Active listings placed into pending status — 1,218
Active listings as of Jan. 31 — 3,550
January in Oldham County
Houses sold — 72 (up 89.47 percent over 2012)
Average selling price — $252,822
Median selling price — $211,000
Active listings placed into pending status — 67
Active listings as of Jan. 31 — 333
January in Bullitt County
Houses sold — 64 (up 8.47 percent over 2012)
Average selling price — $159,487
Median selling price — $144,900
Active listings placed into pending status —86
Active listings as of Jan. 31 — 425