An article about Louisville-area home sales in June that appeared in the Courier-Journal provides some welcome news for Louisville real estate professionals. The article claimed that members of the Greater Louisville Association of Realtors sold 1,175 homes in June 2009, a figure that shows only a 1.3 percent decline in sales from the previous June. With housing markets across the country struggling with flagging home values, foreclosures, sluggish sales and other difficulties, many Louisville real estate agents perceive a slight decline in home sales as a positive. In spite of the modest decline, the number of homes sold in the Louisville area was the most in a single month so far this year. Overall, Louisville-area home sales were down 19.7 percent for the first six months of 2009 compared to 2008. However, Louisville realtors and homebuilders claim that the federal tax credit for first-time homebuyers is boosting sales and they expect that trend to continue as the November 30 deadline for the credit nears. Louisville’s median home selling price as of June 2009 was $136,000, a slight decline from the previous year, but only a 3.5 percent drop. Louisville Realtors^® Association President Jan Scholz predicted that a high percentage of first-time homebuyers would help to keep median home prices lower for the rest of 2009. She added that Louisville home sales would continue to strengthen for the rest of the year. Looking for Louisville real estate services? Call Louisville Properties today at 502.744.9504 or fill out a contact form for a fast reply. If you want to buy a home, sell a home, need flat-fee FSBO listings, property management or more, Louisville Properties offers the full spectrum of real estate services!