Determining Home Values, Zillow Zestimates Are Bad and More

When all the ancillary real estate Web sites started cropping up about five years ago I thought, “Great! These give consumers more information, which is always a good thing.”

Photo of a home in Louisville KY
Online formulas such as Zillow Zestimates are bad in determining a property’s true value.
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Louisville Homes Sold by Year

Putting data into chart form almost always communicates better than simply reading the data. For example, looking at the chart above that shows the total number of homes sold by year in Louisville, KY.

Chart of homes sold by year
Charts like this one that shows Louisville homes sold by year really help you get a better understanding of the market.
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National Average Finally Positive, Kentucky Beats Nation

First American CoreLogic produces some great reports. Not great in the sense that everything is positive but they are very thorough and timely. This most recent report has this to say about real estate in Louisville, Kentucky.

Photo of Louisville home in Norwood Estates
Kentucky beats the nation when it comes to certain real estate metrics. | Photo: Tre Pryor
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Kiplinger Tabs Louisville Regional Winner in Home Prices Stability

Louisville KY

Kiplinger, Forbes, and other financial publications understand that the general public doesn’t care about the minutiae of high finance. So instead of reaching and connecting with the “every man” they create lists.

Today, we see Kiplinger ranking Cities Where Home Prices Have Held Up Best. It’s a fairly easy calculation.

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Louisville Home Sales, Chart Lovers Rejoice

Today begins a new, regular posting of Louisville Home Sales compared to previous years. I find that putting data into pictures helps a great deal and I hope you find this new feature worthwhile!

Chart of Number of Louisville Homes Sold by Year
Charts like this one that shows Louisville homes sold by year really help you get a better understanding of the market.
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Spring Reveals Some Signs of Rebound in Louisville

With basketball season almost complete, thoughts of another kind of rebound are quickly approaching. Spring always holds an upswing in Louisville real estate but the real question is, “How will this Spring compare to the last two Springs?”

Home in Saratoga Springs Louisville KY
Spring might signal some signs of a rebound in Louisville real estate. | Photo: Tre Pryor
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