NalaniSteffen477
出典: くみこみックス
Two Year Review Of Louisville KY Properties for sale
With 2010 wrapping up, there is no better time for you to think back and take stock and the way truly putrid the Louisville real estate market continues to be and how bad the future looks for Louisville homes for sale! How do you like that one for any uplifting opening?
Rather than dealing with all sorts of data, I wish to look at only two charts today. The first will be for prices and the second will be inventory levels of homes actively available on the market within the town of Louisville. I won't be checking out surrounding counties, and this data doesn't include sold properties, multi-family units or condos, just single family homes easily obtainable in Jefferson County.
I'll open with asking prices, the dollar amount that home sellers are placing on their listings when they are available on the market and hoping to find a buyer. Normally, whenever we possess a decent market, you would expect incremental increases in prices. To ensure that when we compare home values in December of 2010 to December of 2009, we'd normally need to see a small rise. And if we look even more back than this past year, we'd anticipate seeing an even bigger increase.
But that is incorrect within our current environment! Our prices today are lower than they were in both 2009 and 2008. Ouch. And that is true for weekly data points recorded over the past two years in addition to trend lines over the same period. At this time in 2008, weekly data points show something of about $149,000 for a median selling price. My most recent measurement now shows a median price of $145,000, a $4,000 drop in two years. Instead of increasing house values, we have actually seen a nearly 3% drop!
They are driving the purpose home further, as we pick just about any date, and look backwards, we will see our 2010 values are very well off previous measurements. For instance, let's consider median prices of Louisville properties for sale on July 1st for every of the past 2 yrs. This year, home prices were $155,000 on the first day's July. Twelve months earlier, prices were at $169,000. For that percentage lovers available, that's over an 8% drop in a single year. What about choosing a date within the springtime, like the first day in April? This year, data shows median asking prices at $154,000 compared to $160,000 last year.
OK, now I've established that prices of Louisville homes haven't been burning for the past two years. It's time to proceed to inventory amounts of properties for sale. In December of 2008, there have been approximately 3,750 single family homes for sale in the city of Louisville, based on recorded data points. That number grew to some high water mark well over 5,300 earlier this year before falling back to the most recent measurement of around 4,300 available units.
I guess you can reason that we view a significant reduction in the amount of homes on the market, since we dropped about 1,000 properties in the past nine or ten months. But that ignores the fact that right now we have more homes for sale than we did at this time this past year and also the year before.
If you are an objective person, you need to look at the data and recognize that our prices are lower now than at this time either in of the two preceding years, and also at the same time, we've more homes on the market at this time than either of the two preceding years. Obviously, this isn't the manifestation of a recovering market, but instead a sign that we have a lot of homes to buy and equity to revive before we are able to say our market has rebounded.
