Louisville Realtors Report Expiring Tax Credit Boosted Home Sales 26 Percent in June

Louisville realtors sold 1,477 homes and condominiums in June, which represented a year-over-year increase of 26 percent from the previous June. Greater Louisville Association of Realtors members said that the jump was largely due to people taking advantage of the expiring federal tax credit for first-time homeowners and current homeowners wanting to buy roomier, more expensive homes. The jump in Louisville home sales represented the 12thconsecutive month of improving sales compared to the home sales in 2009. Just across the river in Indiana, the Southern Indiana Realtors Association posted a modest year-over-year increase in June from 300 homes sold last June to 308 sold this year. One Louisville realtor said that increased home sales were certainly welcome, but July’s sales would be the “true test” of how the Louisville real estate market is faring in the current economy. She said that since few home sales that closed in July would qualify for the tax credit, the number of local homes sold would be an accurate indicator of the status of the Louisville residential real estate market. Local realtors reported that home sales are up 29 percent in the first six months of 2010 compared to the previous year. The median selling price of Louisville homes for the period showed modest gains to $135,000 from the previous year’s $129,900. If you’re looking for a Louisville realtor to help you buy or sell a home, look no further than the real estate professionals at Louisville Properties. This full service Louisville real estate company is locally owned and operated and offers a wide range of services including relocation assistance, rental housing assistance, flat fee transaction brokerage, FSBO assistance and property management and much more. To speak with their experienced Louisville realtors, call them today at 502.744.9504! Resource link: http://www.courier-journal.com/article/20100719/BUSINESS/7190357/1008/NEWS01/Louisville+Realtors+sales+up+26+percent+in+June+in+last+boost+from+tax+credit

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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