Pending Home Sales Rise Six Percent in September

The report provides very welcome news to real estate professionals in most markets across the country. The National Association of Realtors reported that pending home sales on signed contracts were up for the eighth consecutive month in September. The NAR reported that pending sales rose 6.1 percent from August to September and were 21.2 percent higher than the previous September. “What we’re witnessing is a rush of first-time buyers trying to beat the expiration of the tax credit at the end of this month,” said NAR chief economist Lawrence Yun. “Home values will stabilize sooner rather than over-correcting. That, in turn, will mean wealth stabilization for the vast number of middle-class families and lay the foundation for a durable economic recovery.” Home sales on a regional basis improved significantly in every region but the Northeast. The home sales index in the Northeast dropped 2 percent but rose 4.9 percent in the South, 8.1 percent in the Midwest, and 10.2 percent in the West. While some real estate markets continue to struggle in the current economy, the overwhelming majority are showing improvements ranging from modest to very good. Except for markets in the Northeast, sales results continue to show signs of stabilization after a very rugged 2008. If you’re a prospective homebuyer watching the Louisville real estate market closely, right now may be the best time in years to check out Louisville homes for sale. This buyer’s market won’t last long, so call the experts at Louisville Properties today at 502.744.9504 or visit and browse the area’s most extensive listings of residential and commercial real estate in the Louisville area.

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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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