Strong second quarter sales lift housing in GLAR market area. Members of the Greater Louisville Association of Realtors® posted 1,211 sales during the month of June 2012, a 6.5% increase over June 2011, and the best monthly sales performance since June 2010. The average selling price improved 3% over June 2011, and posted its best monthly figure in nearly 4 years, dating to August 2008 ($181,472).
GLAR members are no longer facing declining value trends, rather they continue to monitor positive signs that the local housing market has strengthened from years of negative news. In year ‐ over‐ year comparisons, all fields improved in June including sales volume, average and median sales prices, and active listings moved to pending status.
“The fact that home sales in June increased 6.5% and inventory levels moved just 2.1% is another strong signal that the local market is shaking the housing woes,” said GLAR President Louise…
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