GLAR (Greater Louisville Association of Realtors) statistical reports showing activity through April 30, 2010 show the volume of Louisville houses sold in April 2010 is up an astounding 40% from 2009. The total unit number of Louisville houses sold year-to-date remains up over last year.
The increase in sales could be attributed to the Federal Tax Credits that were available to homebuyers in recent months. While the Federal $8000 First-time Homebuyer tax credit and the $6500 tax credit expired April 30, 2010, we are hopeful these numbers will remain positive.
GLAR statistics show that the number of Residential (Single Family and Condo) listings of Louisville houses is 584 for the period May3-9, 2010 as compared to 644 the same period last year. This is an indicator that inventory is down from the previous year possibly due to more sales. GLAR statistics also show that the number of units sold April25-May 1, 2010 is 328 as compared to 231 during the same period last year.
The Sold information reported in these statistics is based on the date the sale was entered into the MLS system.
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