I was reviewing the latest numbers today versus a year ago (May 13, 2012 vs. May 15, 2011) and there are a few noticeable items:
In the Greater Louisville Area, the months of inventory has decreased 29.9%(8.2 compared to 11.7)! The active residential inventory is 17.1% lower and although the average sales price is 2.4% lower ($163338 vs. $167422), the average days on the market is 8 days less. (84 compared to 92 days).
This may be indicative of many things, but overall is certainly is a positive sign for Louisville sellers.
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