Louisville Beats the Averages in Q1

Why the Courier-Journal is just full of good news these days. Ok, I’ll quit with the sarcasm.

But honestly, the positive data in this article really deserves some notice.

Nearly 17 percent more homes got default notices, auction notices or were repossessed in Kentucky during the quarter — far less than the national increase of 62 percent, according to RealtyTrac, a Web-based research firm.

No increase is good and certainly 17% is far from a desirable outcome, but when compared to 62% it’s much preferred.

While national media home prices dropped by almost 2% in the first quarter, values in Louisville were up!

The median price for a single-family home in the Louisville-Southern Indiana market was $133,300 in the first quarter of 2007, the Realtors reported, up 1.7 percent over the same period a year ago. The median condominium price was $127,500.

Let’s hope these positive trends continue.