Its Looking Up

In December of 2o07 the homes sales in Louisville, KY were on average only 96% off of list price. Thats incredible considering that the media is telling us..."our market is horrible".

In fact, this past month, January 2008 the average days on market was less than that of the average home in January 2007. Additionally, the average selling price of a home in January was up from the previous January by approximately $9,000.

With interest rates below 5.5% buyers and sellers are benefiting. The housing market is not what the media makes it.

Buyers, sellers, and their realtors are participating in home sales on a daily basis.



*Statistics taken from the Louisville Board of Realtors.

Man Caves?

According to a recent article in The Washington Post, although traditionally in real estate purchases women are frequently given the pleasure of decorating, many men are becoming increasingly interested in the task. And specifically enthusiatic about claiming a portion of the home for their own space and use. Traditionally, referred to as a "man cave", these spaces are often becoming much more elaborate, with bars, and bathrooms, and basements designated for him. Deemed a "mantown", by some.

We are seeing this here in Louisville, on a smaller scale, as buyers, and sellers alike look to find designated space in the home, for the "man of the house". Whether it be a spare bedroom, or basement, or still some are left in the garage with no heat. Whatever the space may be this is a new shift and trend in real estate you may soon notice coming to a house near you!

To read more about this real estate trend, follow the link below:
Men Want their Own Space

Latest Home Prices on CNN

Louisville, KY experienced growth during the fourth quarter of 2006 compared to other markets which did not, according to the National Association of Realtors. Our city is continuing to remain stable across the board, as compared to a decrease or fall in the housing market. As you can see, 73 markets of the 149 reported a decrease, our city was not one of them, as the media may imply. While the national average was a 2.7% decline for the fourth quarter of 2006, the Louisville market experienced an increase of 2.2% during the fourth quarter. Buyers are continuing to buy and sellers continue to sell, those conditions have changed somewhat, however the market is stable.

For more information on this article, and the other 149 reported markets, click here:
Latest Home Prices-fourth quarter 2006