LOUISVILLE, Ky. (March 18, 2013) — The Greater Louisville Association of Realtors released February 2013 statistics that show the highest home sales volume and average sale price since 2008.
GLAR said 810 homes were sold by members in February 2013, which represents an increase of 5 percent compared to February 2012. The average price was $159,598, showing an increase of 2 percent compared to one year ago.
The inventory of homes is down slightly (0.2 percent) from the level one year ago.
“Our members were busy in February helping clients buy and sell properties,” said GLAR President Paul Ogden. He added that, “almost 23 percent more properties were sold (placed into a pending status) this February, compared to a year ago. These numbers will show up in the March andApril statistics that should also be strong compared to 2012. Interest rates have ticked up just slightly and we are seeing more buyers get off the fence.”
January’s numbers were the best since 2007, the association reported last month.