‘Louisville Relatively Strong’ According to WSJ
February 6th, 2008 by Tre Pryor, Editor-in-ChiefSaw this complimentary snippet today:
The housing market is Louisville, Ky., is slowing, but not nearly as much as other parts of the country, says a Courier-Journal news story. In August, the number of home sales was about equal to the amount sold in August 2005, while listings jumped from 589 to approximately 700, the newspaper says. Meanwhile, the spring quarter of this year showed an annual home-price appreciation rate of 2.4%, the Courier-Journal says. “Overall, Louisville is still a very good real-estate market,” the paper quotes a local real-estate professor as saying. However, real-estate professionals report that in coming months, home buyers will have more properties to choose from, while sellers will face more competition, the article says.
It’s like we’ve been saying here at Louisville Homes Blog for months, buyers can still get some amazing deals while sellers’ properties at least are appreciating.