The housing market in Louisville, Kentucky and surrounding area still looks encouraging. The listings for the last week of January were 558 compared to 307 for the same period last year. This was an increase of 251 properties or nearly 82%. My hope is that this increase was due to the positive thoughts that people have about that economy and now is the time to sell. I am sure that some of the numbers are foreclosures or short sales. As we talk to people, the mood is definitely better than a year ago.
On the sales side, 170 properties closed from January 17-23, 2010 versus 128 a year ago. This was an increase of 42 homes or 33%. These are very positive numbers and reflect the trend that we saw in November and December.
We hope that these trends continue for the rest of 2010!