Months of inventory homes in Louisville and surrounding areas

MLS System	Months of Inventory	Active Residential Inventory	Average Sales Price	Average Days on Market
GLAR	3.3% higher 2011 – 12.4 2010 – 12.0	4.0% lower 2011 – 9,162 2010 – 9,547	5.3% lower 2011 – $152,957 2010 – $161,583	1 days less 2011 – 86 Days 2010 – 87 Days
HKAR	* 2011 – 13.5 *	* 2011 – 1,723 *	* 2011- $124,903 *	* 2011 – 120 Days *
SIRA	12.1% higher 2011 – 13.9 2010 – 12.4	4.1% lower 2011 – 2,236 2010 – 2,332	4.3% higher 2011 – $119,661 2010 – $114,744	19 days more 2011 – 126 Days 2010 – 107 Days

                            

Inventory versus Pricing Reference
Months of Inventory	Market Description	Pricing
1-4	Sellers	Appreciation
5-6	Even	The Norm
7 plus	Buyers	Depreciation