Good news for the Louisville area housing market. The number of homes sold in November 2006 topped the 1229 mark that compares to 1187 for the same period last year.  Additionally the average selling price of a home jumped almost 45 hundred dollars from November 2005 to November 2006. Homes did take longer to sell last month with an average of 89 days on the market compared to 70 days last November.


Why the added days? Simple, there were more homes on the market . Of course that's because home sales have been slower over the past 6 months.

More good news comes from the Mortgage industry. Interest rates which are below 6% with some lenders should spur home sales as we begin 2007.

One final sign of the recovering market, call volume. Our Medley-Sokoler Team has seen a marked increase in the number of people calling in to see homes. Sure that’s nothing scientific, but it’s a trend we monitor.