Each month we will bring to you an easy to read chart on how both Jefferson County and Oldham County home sales have performed over that past 7 years.
As with our first post on this feature, home sales in past two years have been roughly the same and a little better than the previous year.
Still not recovering to the point of 2005-07, there is going to be some ground to be made up. Whether 2011 is the year that starts the run-up is still unclear. All real estate signs are positive for sales: interest rates, inventory and home prices. What appears to be dragging down momentum is an overall uncertainty about the economy going forward. Unemployment remains relatively high and homeowners are reluctant to make a move without stable employment.
As always, we’d love for you to share your thoughts or questions.
[…] Louisville Housing Market 7 Year Report, Period End January 2011 […]