Greater Louisville Association of REALTORS Residential Sales Statistics Single Family Residential & Condo

Louisville Realtors continue to be encouraged with August closed sales up 26% compared to August 2011. The year-to-date closing figure was also up 15% compared to January-August of last year. The number of properties placed into a pending status on the Multiple Listing Service (MLS) during August 2012 was up a 17% compared to the same month last year. Both the average and median prices for August were about 1.5% compared to August 2011, and the year-to-date average and median prices are up about 3-4%. In Jefferson County the 2012 year-to-date average price remained at $167k and the median price is $137.5k. The inventory of homes and condos currently for sale is about the same as this time last year, with about 4500 for sale in Jefferson County and 7300 total for sale in the Louisville Area multiple listing service. Record low interest rates continued to fuel purchases by owner-occupant buyers and investors in August. Recent announcements by the Federal Reserve that they will continue purchases of mortgage backed securities, and that they plan to keep the Fed Funds rate low through mid-2015 may actually cause the pace of sales to moderate as purchasers may not feel a sense of urgency to lock-in todays record low interest rates. However, these Fed actions should keep housing affordability at favorable levels for the coming months.

All MLS Areas Houses Sold Averages Selling Price Median Selling Price # of Active Listings Placed into Pending Status During Aug. Active Listings at Aug. 31

Aug. 2011 1,132 $169,088 $139,749 1126 7293

Aug 2012 1,427 $171,551 $142,000 1315 7332

% Change 26.06% 1.46% 1.61% 16.79% 0.53%

Jan. 1 - Aug. 31, 2011 7387 $164,421 $135,000

Jan. 1 -Aug. 31, 2012 8504 $168,876 $140,000

% Change 15.12% 2.71% 3.70%

Jefferson County Houses Sold Averages Selling Price Median Selling Price # of Active Listings Placed into Pending Status During Aug. Active Listings at Aug. 31

Aug. 2011 781 $168,953 $139,500 772 4392

Aug 2012 1,016 $169,422 $140,000 925 4487

% Change 30.09% 0.28% 0.36% 19.82% 2.16%

Jan. 1 - Aug. 31, 2011 5107 $162,455 $132,000

Jan. 1 -Aug. 31, 2012 6016 $167,423 $137,500

% Change 17.80% 3.06% 4.17%

Oldham County Houses Sold Averages Selling Price Median Selling Price # of Active Listings Placed into Pending Status During Aug. Active Listings at Aug. 31

Aug. 2011 79 $283,832 $242,500 63 432

Aug 2012 103 $256,898 $223,000 71 471

% Change 30.38% -9.49% -8.04% 12.70% 9.03%

Jan. 1 - Aug. 31, 2011 508 $274,189 $240,750

Jan. 1 -Aug. 31, 2012 587 $263,063 $230,000

% Change 15.55% -4.06% -4.47%

Bullitt County Houses Sold Averages Selling Price Median Selling Price # of Active Listings Placed into Pending Status During Aug. Active Listings at Aug. 31

Aug. 2011 73 $138,439 $124,186 85 495

Aug 2012 94 $130,162 $125,000 94 496

% Change 28.77% -5.98% 0.66% 10.59% 0.20%

Jan. 1 - Aug. 31, 2011 495 $138,352 $129,000

Jan. 1 -Aug. 31, 2012 566 $140,325 $130,000

% Change 14.34% 1.43% 0.78%

GLAR Contact Information: Louise Miller President (502) 897-3321

Lisa Stephenson Executive Vice President (502) 894-9860