The Monarch Group Real Estate Blog

July 2012 Proves Stronger than July 2011

Are you ready for some good news? I hope so, because here it is! The sales numbers are in for July 2012 and show improvement compared to July 2011.

There were 1,196 homes sold in the Louisville Area last month, which is up from 1,048 in July 2011. An increase of 148 homes may seem small to some but any increase is worth taking after recent years. Homes always sold quicker in July 2012 compared to July 2011 with an average of 80 days on the market, down four days from the previous year.

Although July 2012 saw more sales in a shorter amount of days, prices did take a hit. In July 2011 the average sales price was $179,612 with a median sales price of $145,000. Those numbers fell in July 2012 to an average sales price of $177,871 with a median sales price of $144,500.

For a more in-depth look at the housing market in Louisville, contact the Elizabeth Monarch Group for a free market analysis.

 

*Kentucky Housing Statistics provided by the Kentucky Association of Realtors*

These statistics should represent residential sales of houses, condos and townhomes in your board area.
For this report, please use statistics for single-family residential sales only. Do not include lots or
commercial properties.

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