No Recovery in Louisville Real Estate Prices Expected Until 2012

Louisville real estate analysts predict that Louisville housing prices have not reached bottom and probably won’t until the end of 2010. They also believe that prices won’t regain their highs of spring 2008 until sometime in 2012 according to a report recently released by technology company Fiserv. Although they expected Louisville home prices to continue their slow decline, they tempered this news with the prediction that the loss will be very modest, around 2.3 percent. Among 383 metropolitan areas in the United States, Louisville’s slight 2.3 percent loss is the 33rd smallest. This is good news for Louisville real estate professionals and homeowners alike. Fiserv analysts said that they used the Case-Shiller Home Price Indexes to develop their forecasts as they measure the average change in home selling prices in a particular market. Analysts also used Moody’s and the Federal Housing Finance Agency to create the Louisville real estate market forecast. The market analysis predicts that real estate prices in some of the hardest-hit communities for declining home values will continue to decline with Merced, CA showing drastic declines of 73 percent. Home prices there and in other troubled markets aren’t expected to recover until 2039 or after. The median price of Louisville homes sold by members of the Greater Louisville Association of Realtors in 2009 was $132,000. Although Louisville housing market conditions may favor buyers for now and the next several months, an experienced Louisville real estate agent like the one at Louisville Properties can tell you that these predictions may or may not turn out to be true. Many different factors can affect Louisville real estate prices. There is one sure thing when it comes to Louisville real estate: Louisville properties will have the best selection in the area for commercial and residential real estate. Call today at 502.744.9504 if you’re thinking about buying or selling real estate in the Louisville area. Resource link:

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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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