In December of 2o07 the homes sales in Louisville, KY were on average only 96% off of list price. Thats incredible considering that the media is telling us..."our market is horrible".
In fact, this past month, January 2008 the average days on market was less than that of the average home in January 2007. Additionally, the average selling price of a home in January was up from the previous January by approximately $9,000.
With interest rates below 5.5% buyers and sellers are benefiting. The housing market is not what the media makes it.
Buyers, sellers, and their realtors are participating in home sales on a daily basis.
*Statistics taken from the Louisville Board of Realtors.
Monday, February 11, 2008
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