Came across a great resource on real estate stats for Louisville, KY on Realtor.org. Lots to address but today I’ll just look at this first chart on home sales and growth since 2002.
![Chart of Kentucky Home Sales (Red Line) and Sales Growth](https://trepryor.com/blog/wp-content/uploads/2010/09/home_sales_growth.gif)
It really highlights just how slow the market has been since the first of 2007. Then, looking at things recently, we see how activity greatly.
Price Activity | Louisville | U.S. |
---|---|---|
Current Median Home Price (2010 Q2) | $136,400 | $176,867 |
1-year (4-quarter) Appreciation (2010 Q2) | 2.8% | 1.4% |
3-year (12-quarter) Appreciation (2010 Q2) | -2 1% | -21.0% |
3-year (12-quarter) Housing Equity Gain* | -$2,900 | -$46,933 |
7-year (28 quarters) Housing Equity Gain* | $5,200 | -$167 |
While the entire country barely held values above zero for the past seven years, Louisville saw an average equity gain of $5,200.