Louisville Housing Market 7 Year Report, Period End January 2011

As with our first post on this feature, home sales in the past two years have been roughly the same and a little better than the previous year.

Louisville Home Sales: 7 Year Monthly Chart for period ending January 2011
Each month we will bring to you an easy-to-read chart on how both Jefferson County and Oldham County home sales have performed over the past 7 years.

Still not recovering to the point of 2005-07, there is going to be some ground to be made up. Whether 2011 is the year that started the run-up is still unclear. All real estate signs are positive for sales: interest rates, inventory, and home prices.

What appears to be dragging down momentum is an overall uncertainty about the economy going forward. Unemployment remains relatively high and homeowners are reluctant to make a move without stable employment.

As always, we’d love for you to share your thoughts or questions.

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