The data isn’t very different from when I posted Home Prices Drop Nationally, Louisville Holds Steady but with, perhaps a slightly better result.
First American Core Logic puts out reports from time to time and just recently published, National Home Price Declines Continue to Improve. I already know that the national numbers have little effect on Louisville’s market, but they do a good job of supplying data for many metro cities. Here’s the part I really liked.
In Louisville/Jefferson County, home prices have decreased 1.79 percent in May compared to a year ago. In April 2009, Louisville/Jefferson County showed an increase of 0.00 percent compared to one year prior.
So this means our price drop, albeit nothing to be happy about, appears to be coming to an end. Here’s hoping we’ll see a quick return to our steady, annual increases of 4%-5% here in Louisville, which is the norm going back 40 years.
