More than 1,000 more homes sold this year
LOUISVILLE, Ky. (Aug. 17, 2015) — The Greater Louisville Association of Realtors reported that year-to-date sales are up 13 percent, with 9,373 homes sold this year, compared to 8,290 homes sold at this time last year.
Sales were up 14.2 percent in July 2015 over July 2014, with 1,707 units sold this year, compared to 1,494 last year. Prices in July 2015 were comparable to last year, but year-to-date statistics show a 7 percent increase in values.
In Jefferson County the average price was $188,703 and the median $158,500. For the region, the inventory of available properties was 19 percent lower than this time last year.
“GLAR members still see a sellers market for starter and move up homes,” said GLAR president Paula Colvin. “The market for higher priced properties is more in balance.”
Nationally, pending home sales were up 3.2 percent in June, the third highest pace of sales since February 2007.
“Buyers have come back in force,” said Lawrence Yun, chief economist for the National Association of Realtors. “The wave of demand is being fueled by a year-plus of steady job growth and an improving economy that’s giving more households the financial wherewithal and incentive to buy.”