Greater Louisville 3Q Improves in 2009

I’ve got another post on deck, but before we look forward I wanted to highlight some data I just found about Louisville’s 3rd Quarter of 2009 in real estate.

The first table shows total units for Greater Louisville, Region 3 of Kentucky.

# SOLD 3Q 2009 # SOLD 3Q 2008 # SOLD %
3,519 2,993 17.57%

As you can see, that’s a pretty big jump; higher than many projected. Which brings us to the second table. Why was the increase that large? Probably because prices dropped so much.

Median Price 3Q 2009 Median Price 3Q 2008 Median Price %
$136,800 $140,000 -2.29%

Based on information from local REALTOR associations/MLSs for the periods of July 1 – September 30, 2008 and 2009.

It’ll be interesting to see what prices did over the entire year. Be sure to check back and I promise to keep throwing more Louisville real estate statistics your way.