LOUISVILLE (November 25, 2013) — Members of the Greater Louisville Association of Realtors continued to build on the momentum of 2013’s housing market as they closed 1,198 units for the month of October, a 5 percent increase over a similar period last year.
Sales volume for the period of Jan 1-Oct 31, 2013 is up 16.7 percent over a similar period last year. Following a record-breaking September, where 1428 units were sold, GLAR members continue to work in an environment of affordable interest rates and an approximately 5.5-month supply of inventory.
Association President Lester Sanders noted that, “6 percent more contracts were signed in October than one year ago, which will carry over into the sales figures for November.” He also noted that the National Association of Realtors Chief Economist Laurence Yun predicts continued level sales volume nationally in 2014, coupled with modest single-digit price gains.
|
All MLS Areas |
Oct. 2012 |
Oct. 2013 |
% Change |
Jan. 1-Oct. 31, 2012 |
Jan. 1-Oct. 31, 2013 |
% Change |
|||
| Houses Sold |
1,141 |
1,198 |
5.00% |
10,743 |
12,539 |
16.72% |
|||
| Averages Selling Price |
$166,931 |
$174,473 |
4.52% |
$168,570 |
$175,584 |
4.16% |
|||
| Median Selling Price |
$139,000 |
$142,000 |
2.16% |
$140,000 |
$144,000 |
2.86% |
|||
| # of Active Listings Placed into Pending Status During October |
1166 |
1236 |
6.00% |
||||||
| Active Listings at October 31 |
5811 |
6663 |
14.66% |
||||||
|
Jefferson County |
Oct. 2012 |
Oct. 2013 |
% Change |
Jan. 1-Oct. 31, 2012 |
Jan. 1-Oct. 31, 2013 |
% Change |
|||
| Houses Sold |
793 |
846 |
6.68% |
7591 |
8787 |
15.76% |
|||
| Averages Selling Price |
$169,179 |
$172,810 |
2.15% |
$167,548 |
$177,209 |
5.77% |
|||
| Median Selling Price |
$142,000 |
$140,000 |
-1.41% |
$138,000 |
$144,000 |
4.35% |
|||
| # of Active Listings Placed into Pending Status During October |
809 |
864 |
6.80% |
||||||
| Active Listings at October 31 |
3395 |
3949 |
16.32% |
||||||
|
Oldham County |
Oct. 2012 |
Oct. 2013 |
% Change |
Jan. 1-Oct. 31, 2012 |
Jan. 1-Oct. 31, 2013 |
% Change |
|||
| Houses Sold |
79 |
89 |
12.66% |
736 |
816 |
10.87% |
|||
| Averages Selling Price |
$244,790 |
$288,351 |
17.80% |
$259,944 |
$267,653 |
2.97% |
|||
| Median Selling Price |
$220,000 |
$250,000 |
13.64% |
$228,750 |
$232,750 |
1.75% |
|||
| # of Active Listings Placed into Pending Status During October |
64 |
65 |
1.56% |
||||||
| Active Listings at October 31 |
350 |
425 |
21.43% |
||||||
|
Bullitt County |
Oct. 2012 |
Oct. 2013 |
% Change |
Jan. 1-Oct. 31, 2012 |
Jan. 1-Oct. 31, 2013 |
% Change |
|||
| Houses Sold |
69 |
73 |
5.80% |
710 |
879 |
23.80% |
|||
| Averages Selling Price |
$147,644 |
$149,097 |
0.98% |
$142,142 |
$144,865 |
1.92% |
|||
| Median Selling Price |
$129,000 |
$136,000 |
5.43% |
$130,000 |
$134,250 |
3.27% |
|||
| # of Active Listings Placed into Pending Status During October |
84 |
91 |
8.33% |
||||||
| Active Listings at October 31 |
414 |
448 |
8.21% |
||||||
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