With help from Short Sales and Foreclosures Louisville area home sales in the month of July jumped through the roof. Of the 1276 home sales (21 percent of which were Short Sales and Foreclosures), Louisville saw a 21% increase in the number of homes sold from July 2008. Additionally homes going under contract in July 2009 compared to the year before were up 32%.                                                                                                                               

Breaking down the numbers, most home sales were in the 100,000- 160,000 and 200,000-250,000 price ranges. It’s obvious to many that the $8000 first time home buyers tax credit and lower interest rates played a major part in the homes sales increase. The people living in those entry levels homes typically purchased their next Louisville home in the 200,000-250,000 price range.

July 2009

July 2008

TOTALS REPORTS SOLD/ACTIVE RESIDENTIAL LISTINGS 01-Jul-2009 - 31-Jul-2009 Residential Unit Sales        Total   Unit Sales 0-2        3         4+      Resid     Condo/    Total PRICE CLASS/TYPE    Bedrm     Bedrm     Bedrm     Sales     Co-Op     Units   $29,999 OR UNDER      27        16        11        54         0        54 $30,000 -  $39,999     7        11         4        22         0        22 $40,000 -  $49,999     4        15         4        23         2        25 $50,000 -  $59,999     3        20         1        24         4        28 $60,000 -  $69,999     3        16         1        20         5        25 $70,000 -  $79,999    11        21         3        35         5        40 $80,000 -  $89,999     9        35         5        49         5        54 $90,000 -  $99,999     6        36         5        47        11        58 $100,000 - $119,999    28        74        14       116        27       143 $120,000 - $139,999    19        99        38       156        26       182 $140,000 - $159,999     7        84        25       116        16       132 $160,000 - $179,999     4        61        15        80        12        92 $180,000 - $199,999     5        52        21        78         4        82 $200,000 - $249,999     2        65        59       126        10       136 $250,000 - $299,999     0        23        46        69         4        73 $300,000 - $399,999     0        15        51        66         7        73 $400,000 - $499,999     0         4        23        27         3        30 $500,000 OR OVER        0         1        25        26         1        27 Total Types:          135       648       351      1134       142      1276   Average Price:     $88,784  $142,779  $265,027  $174,190  $152,654  $171,793