The Louisville housing market has done well for April 2013. This report, we have decided to bring you the statistics not only from this past month but also the month before, and a year before. We have also separated Oldham County statistics from the Louisville area. The Louisville chart only covers MLS Areas 1-9, and Oldham County covers MLS Areas 20-21. We did this to show you the dramatic difference a year can make, especially in Louisville:
Look at the number of houses sold in Louisville this month, and compare it to last year (April 2012). This is an almost 18% increase in the number of houses sold this year!
The average continuous days on market have gone down as well. The MLS offers two statistics regarding this, “Average Days on the Market This Month” and “Average Continuous Days on the Market This Month.” We choose to give you the continuous days because this means in most cases the home has been taken off the market and re-listed. This gives you a more accurate picture of what the days on market have been for a particular home. Selling prices have remained roughly the same, but statistics from the National Association of Realtors® show that home prices are collectively rising quickly all over the country. If you are considering buying a home now is a good time.
As you can see, Oldham County’s changes are not as dramatic, although the days on market have gone down. This reflects what we are seeing; that is, that homes are selling quicker this year. It will be interesting to see what this summer brings to the housing market in Oldham County KY.
If you’d like to know what your home is worth in Louisville or Oldham County KY, give Brenda Doll a call at 502-639-9303. Brenda will come to your home and do a free comparative market analysis (CMA) based on what your home is worth compared to other properties in your area. You may want to look to see what other properties are listed for in your area. You can do a free home search at http://www.HomesLouisvilleKyEast.com.