Let’s compare the June 23, 2013 stats with the June, 24 2012 stats for the Louisville, Elizabethtown, and Southern Indiana real estate markets.
The Months of Inventory is 17.1% lower than this time last year. This is the amount of time it would take to sell all the properties that are currently listed in the area. On June 24, 2012, it would have taken approximately 7.0 months to sell every listed property in the area; on June 23, 2013 it was recorded to only take 5.8 months.
The amount of Unsold Residential Inventory is also down 11.5% from last year. As of June, 23 2013 there were 6,794 residential homes listed for sale in the Greater Louisville area. This time last year there were 7,679. This gives buyers less to choose from and become more competitive with each other to get the home they want.
On average homes are selling for prices 7.7% higher than last year, and it less time – 19 days less than in 2012.
Average Sales Price – 2012: $181,173 vs. 2013: $195,150
Average Days on Market – 2012: 82 days vs. 2013: 63 days
In the Elizabethtown market, the Months of Inventory is actually 1.1% higher than it was in 2012.
2012: 9.3 months vs. 2013: 9.4 months
Unsold Residential Inventory is 4.5% lower, with 1,481 unsold homes on June 24, 2012 and 1,415 properties still listed for sale on June 23, 2013.
Unlike what is being seen in the Greater Louisville area, real estate in Elizabethtown has an Average Sales Price that is 11.6% lower than what is was this time last year. In 2012, properties were selling for an average of $153,496, this year the average price is down to $135,760.
However, similar to the Louisville market, properties are on the market for less time.
Average Days on Market – 2012: 163 days vs. 2013: 143 days
Months of Inventory – 23.9% lower than last year
2012: 8.8 months vs. 2013: 6.7 months
Unsold Residential Inventory – Down 3.9% this year
2012: 2,101 vs. 2013: 2,186
Average Sales Price – Increased 15.0% since 2012
2012: $123,404 vs. 2013: 141,921
Average Days on Market – 1 days less than last year
2012: 116 days vs. 2013 115 days
Data is complied through the GLAR, HKAR, and SIRA MLS systems
The Home Builders Association of Louisville’s Homearama 2013 is just around the corner! This 16 day event invites the public to tour a number of homes showcasing the unique and professional work of Louisville’s most talented builders, designers, landscapers, and interior décor retailers. Whether you are shopping for your dream home, wanting to build your own custom home, looking for decorating inspiration, or simply enjoy exploring some of Louisville’s finest real estate, Homearama has something for everyone! This annual showcase is not just for people to “ooh” and “ah” at each home’s fabulous features, everything is for sale. So whether you find the home of your dreams or that one-of-a-kind artwork that would go perfect in your home, it’s all up for grabs! A number of vendors from Louisville and surrounding areas will also be present displaying all kinds of products ranging from security systems, to home insurance, to swimming pools.
This year’s Homearama will be held July 13th – 28th with home showcases at both the Locust Creek and Rock Springs neighborhoods. For more information including ticket prices, hours, and directions visit the official Homearama website.
Are you looking for your next home? Guess what? There are 7,572 active residential listings currently on the market in the Greater Louisville Area. There are 2,173 active residential listings currently on the market in the Southern Indiana Area. There are 1,460 active residential listings currently on the market in the Etown/Ft. Knox Area.
Click here or on the image above for more current and past real estate statistics for Pewee Valley homes for sale, Louisville Kentucky listings, and Charlestown Indiana houses for sale (among numerous other areas).
Here is the Regional Market Snapshot (a day late – I do apologize) for the areas including – but not limited to – Louisville homes for sale, Southern Indiana homes for sale, and Elizabethtown homes for sale. Click on the image to the left to enlarge and print the market snapshot.
Please take a moment to view the Regional Market Snapshot below, or click here to view a full-sized, printable version.
We can take a look at what homes have sold for in the past 30 days and get an idea of how real estate is moving in our area. For instance, one of the statistics presented on the Regional Market Snapshot is Sales Price vs. List Price. This number is calculated by dividing the average sales price into the average list price of the units sold. Here are the sales prices versus list prices of homes sold in the last 30 days in each of our real estate markets:
- Greater Louisville Area: 95.0%
- Southern Indiana Area: 95.8%
- Etown/Ft. Knox Area: 96.9%
Click on the image at the top of the page for more statistics on current and past real estate stats for these three local areas.
Take a look at the current active real estate inventory for listings in the Greater Louisville Area, Southern Indiana Area, and Etown/Ft. Knox Area. These statistics are as of Sunday, June 19, 2011.
For statistics dating back to the past month and even through the past year, click here, or on the image below.
Each week, thanks to the Regional Market Snapshot, we can view numerous statistics on real estate in each of our three local markets: Greater Louisville, Southern Indiana and Elizabethtown/Fort Knox.
- Active residential listings currently on the market in the Greater Louisville area: 9,590
- Average List Price of properties currently on the market in the Greater Louisville area: $220,071
- Greater Louisville area months of inventory: 13.1
Click on the image to the left for more real estate statistics for our local areas.
Are you able to remember what was happening in the world of real estate last year at this time? With all the changes going on in the market, mortgage rates, and buying and selling real estate in Kentucky and Indiana, it is difficult to recall the state of the real estaet market from even last year. Here’s some help.
In the last 12 months of Greater Louisville real estate, Southern Indiana real estate, and Elizabethtown and Fort Knox real estate:
- This makes for a total of 14,801 total homes sold
- An average of about 96% sales price versus list price
- A total time on the market ranging from just under 3 months to less than 4 months.
For more real estate market statistics, including current numbers and stats from the last 30 days, click here, or on the image to the right.
The last 30 days in real estate (including all areas of Kentucky homes for sale and Southern Indiana homes for sale) have been busy. Let’s take a look at some of the statistics for the past month:
In the past 30 days:
- 808 homes sold in the Greater Louisville Area
- 203 homes sold in the Southern Indiana Area
- 116 homes sold in the Etown/Ft. Knox Area
- Homes spent an average of 92 days on the market in the Greater Louisville Area
- Homes spent an average of 119 days on the market in the Southern Indiana Area
- Homes spent an average of 140 days on the market in the Etown/Ft. Knox Area
Click here or on the image above to see complete real estate statistics for May 15, 2011.
See an inventory of thousands of homes for sale at www.Semonin.com .