Residential Trends/Statistics

What Does the Future Hold for Louisville Real Estate?

Forecasting is always a tricky business. From the stock market to fantasy football, the future is, by definition, uncertain. But that doesn’t mean we can’t throw some data into our logic blender and see what comes out, does it?

Earlier this year, Money magazine posted their take on real estate in 2009. But before we go there, let’s look at what they said about 2008.

In an article published April 11 2007, here’s what Money projected for real estate in Louisville, Kentucky for 2008.

Money magazine projects 2008 in Louisville real estate

According to Louisville’s MLS system, the median sales price for 2008 so far is $135,900. Compare this with 2007’s median of $139,000 and we arrive at a drop of 2.28%. Looks like Money overshot their target.

That brings us to this year’s predictions. Back in May of this year, Money published Where home prices are headed next. Here’s what the experts are projecting for Louisville real estate in 2009.

Money magazine projects 2009 in Louisville real estate

Given recent events in the stock market and around the globe, if we could have a half percent gain in 2009, I think most people would jump for joy. It’ll be interesting (to say the least) to watch how things play out.

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
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