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Real Estate Market Snapshot for Louisville, Elizabethtown, and Southern Indiana As of July 7, 2013

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There is no better way to understand how the real estate market is doing than taking a look at the numbers, both past and present. For Kentucky and Southern Indiana residents, or those planning to move to the area, click here to take a closer look at the region’s market activity.

To better identity exactly how the real estate market is now compared to how it was a month, 3 months, 6 months, and even a year ago click on the following links to view the statistics for each area:

Greater Louisville

Elizabethtown

Southern Indiana

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Market Snapshot: June 2013 vs June 2012

Let’s compare the June 23, 2013 stats with the June, 24 2012 stats for the Louisville, Elizabethtown, and Southern Indiana real estate markets.

Greater Louisville

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

 

Elizabethtown

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

 

Southern Indiana

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

Regional Market Snapshot for June 17, 2012

See below for this week’s Regional Market Snapshot.  It includes statistics on Louisville real estate, Clarksville Indiana homes for sale, New Albany listings, and Elizabethtown homes for sale.  It doesn’t stop there either!  Dozens of local areas are included in this snapshot.  

Click below for a larger, printable version!

Regional Market Snapshot for March 11, 2012

Below is the Regional Market Snapshot for March 11, 2012.  You can click on the image to view a larger, printable snapshot of current local real estate activity.  Also included in the snapshot are real estate statistics from the last 12 months and the past 30 days.

Regional Market Snapshot for November 13, 2011

Click here to view this week’s Regional Market Snapshot.  From Elizabethtown Kentucky real estate to Louisville homes for sale, Oldham county real estate to Southern Indiana homes for sale, this snapshot is filled with statistics ranging from today to a year ago.  Take a look!  And here’s a glimpse of local real estate numbers from the past month:

 

Poll: What do you do to keep your home in tip-top shape?

Spill it ~ what actions do you take on a regular basis to ensure your home is always presentable to visitors?

Regional Market Snapshot for 2/6/11

This week’s Regional Market Snapshot will look back at the last 30 days in the area’s real estate market.  This includes the Greater Louisville area (Shelbyville, Oldham County, St. Matthews and other local areas) as well as Southern Indiana real estate and Elizabethtown and Fort Knox homes for sale.

 Click on the image above to view the entire Regional Market Snapshot for February 6, 2011. 

  • In our three combined regions, a total of 751 homes were sold in the past month. 
  • Homes sold for an average of 93.6% to 96% of their list price.
  • A total of 2,642 homes were placed on the real estate market in the last 30 days.

Check out more statistics here, or contact your licensed Realtor®.

Regional Market Snapshot for 10/31/10

For this week’s Regional Market Snapshot, we’ll focus on the current real estate market in our 3 areas.  You can also click on the image to the right for a complete look at the market for October 31, 2010.

In the Greater Louisville Area:

  • 9,433 active residential listings currently on the market
  • $230,944 is the average list price
  • 14.4 months of inventory

In the Southern Indiana Area:

  • 2,283 active residential listings currently on the market
  • $164,392 is the average list price
  • 13.8 months of inventory

In the Etown/Ft. Knox Area:

  • 1,522 active residential listings currently on the market
  • $172,320 is the average list price
  • 12.3 months of inventory

Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.

Regional Market Snapshot for 7/18/10

Click on the image to the left for the Regional Market Snapshot for 7/18/10.

Here are some tidbits from this week’s snapshot:

In the last 30 days, here’s how long – on average – homes stayed on the market before being sold:

  • Greater Louisville area: 83 days
  • Southern Indiana area: 112 days
  • Etown/Ft. Knox area: 112 days

Click here for more statistics about current real estate, last month’s real estate, and numbers from the past year in real estate.  And check back next week for more updated numbers on real estate in Kentucky and real estate in Southern Indiana.

 

Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.

Regional Market Snapshot for 7/11/10

This week’s Regional Market Snapshot

 

Click on the graphic above to view this week’s Regional Market Snapshot from Semonin Realtors.  It will give you some insight on the Louisville area real estate market, the Elizabethtown real estate market, and the Southern Indiana real estate market.  Click back each week for updated statistics on current listings on the market, listings from the past 30 days, and listings from the past year.

Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.

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