Came across a great resource on real estate stats for Louisville, KY on Realtor.org. Lots to address but today I’ll just look at this first chart on home sales and growth since 2002.
It really highlights just how slow the market has been since the first of 2007. Then, looking at things recently, we see how activity greatly.
|Current Median Home Price (2010 Q2)||$136,400||$176,867|
|1-year (4-quarter) Appreciation (2010 Q2)||2.8%||1.4%|
|3-year (12-quarter) Appreciation (2010 Q2)||-2 1%||-21.0%|
|3-year (12-quarter) Housing Equity Gain*||-$2,900||-$46,933|
|7-year (28 quarters) Housing Equity Gain*||$5,200||-$167|
*Note: Equity gain reflects price appreciation only.