Regional Market Snapshot for all of Louisville Area

Regional Market Snapshot

Residential Single Family Statistics

(As of Sunday, April 17, 2011)

Greater Louisville Area

ACTIVE INVENTORY

Active Residential Listings

Currently on the Market 9,355

Average List Price $223,596

Months of Inventory * 11.9

LAST 30 DAYS

Number Sold 789

Average Sales Price $154,216

Sales Price vs. List Price ** 95.8%

Average Days on Market

*** 83

New Listings on Market 2,319

Cancelled, Withdrawn or

Expired Listings 1,184

Statistic Notes:

* - The real estate industry standard calculation for months of inventory is to divide the current inventory units by the number of units sold in the last 30 days

** - Sales to List Price ratio is calculated by dividing the average sales price into the average list price of the units sold.

*** - This number does not reflect the times a home that is sold has been on the market before by (1) its owner, (2) another Realtor whose listing expired, or

(3) a listing cancelled and then relisted to generate new interest. This number in most instances does not reflect the number of days from contract to

close which averages 30-45 days for most closings. In order to have a true picture of the date property is listed to the date of closing a seller

would need to add prior “days for sale” activity to the above average days on market plus 30-45 days from contract to close. The above is not

reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months. Your agent can give you

a specific report tailored to your area.

This market report provides a summary of the three multiple listing systems in the region where Semonin Realtors currently maintains offices. The

®

only and may not represent all real estate information in our markets. Last 30 days=3/20/11-4/17/11; Last 12 months=4/18/10-4/17/11

Greater Louisville Association of REALTORSis primarily Jefferson County Kentucky and immediate surrounding counties. Information is deemed reliable but not guaranteed and none of the MLS’ are in any way responsible for the accuracy of this information. These statistics include single family homes and condos.

MARKET SNAPSHOT

UPDATED EACH TUESDAY

ON SEMONIN.COM

LAST 12 MONTHS

Number Sold 11,003

Average Sales Price $165,955

Sales Price vs. List Price ** 95.6%

Average Days on Market *** 81

 

Becky Fangman, ABR, GRI

Semonin Realtor

Office: 502-329-5300

Cell: 502-594-5971

Fax: 502-471-5121

Email: bfangman@semonin.com

Search All Homes In Louisville:  http://www.beckyfangman.semonin.com/