Opinion

Louisville Homes Appreciation Up in 2013 But Have a Great Deal of Ground to Make Up

Rather than publish a treatise on a topic. I prefer pictures. I bet you do to!

With our shared interest in mind, I’ve created the follow chart to show how Louisville homes have performed in recent years during the housing recession.

Chart of Louisville Home Appreciation/Deprecition from 1981 to 2013

This chart only shows Q1 performance for 2013 but hopefully this gain will be extending through the year as we return to a more traditional 4%-5% annual appreciation here in Louisville.

These numbers are derived from the Federal Housing Finance Agency’s NSA Index comparing 1-year changes.

The exact values are as follows:

  • 2004: 4.56%
  • 2005: 3.73%
  • 2006: 2.71%
  • 2007: 1.98%
  • 2008: -0.56%
  • 2009: -1.33%
  • 2010: -0.06%
  • 2011: -0.97%
  • 2012: -0.11%
  • 2013: 0.79%

Contrary to what many think, or may have been applied to National numbers, Louisville homes began their value decline in 2005 when the annual appreciation dipped below 4% with 3.73%.

This continued into 2008, when Louisville experienced our first depreciation period in 27 years!

Some mark the beginning of the housing recession as 2009 but these numbers paint a different picture.

Putting on some optimism, I believe 2013 should return us a more common sight: one where our homes appreciate more than a meager percent or two.

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!

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