Louisville Luxury Homes

Current Market Outlook

Updated for Q1 2007

 

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Louisville Luxury Home Sales are ahead of last year, but are DWARFED by Inventory

Louisville Luxury Homes ($750,000 and up) sales are moving along nicely. This is counter to what you may have heard (i,.e the market is soft, etc.). The reality is that houses are moving. That's the good news. There is a tougher reality behind this thought...

There is MORE inventory than ever! Take a look at the chart below... 

Current GLAR (Louisville) MLS Sales Summary

Homes $750,000 and over

(Q1 2007)

Month	2006	2007
January	8	4
February	3	3
March	6	11

BUT Here's the Inventory Levels

Month	2006	2007
January	108	173
February	114	197
March	119	222

Other Important Factors

• Buying activity on all price ranges of homes has remained strong.
• Internet Activity at  our website remains STRONG with over 200 new buyer leads in the past month vs 70 last year at this time!
• Homes in some areas of Louisville are selling MUCH faster than others. Check with one of our REALTORS to find out where your home might be in our current market.
• You subdivision can dramatically affect the time on market as can the condition of the property

 

Eric 

 

 

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