8/2/2019 February 2012 Release
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All MLS Areas
Feb.
2011
Feb.
2012
%
Change
Jan. 1 - Feb.
28, 2011
Jan. 1 - Feb.
29, 2012
%
Change
Houses Sold 614 773 25.90% 1271 1514 19.12%
Averages Selling Price $153,416 $157,891 2.92% $153,840 $155,883
1.33%
Median Selling Price $130,725 $132,000 0.98% $128,500 $129,500
0.78%
# of Active Listings Placed into Pending Status During Feb. 914
1111 21.55%
Active Listings at February 28 6829 7286 6.69%
Overall Market Comment:Members of the Greater Louisville
Association of Realtors posted 773 sales during the month of
February 2012, a 25.9% increase over February 2011. Februarys
total sales continued an eight-month
trend of outpacing the same period last year, which posted 614
sales during February 2011. The average
selling price paid for single family and condominium homes in
February was $157,891, up $3,285 from
January, and up 2.92% from the same period a year ago.
Inventory, or the number of homes listed for sale, fell to 7,286
in February, a slight decline from
Januarys 7,331. Januarys inventory snapped a 12 month declining
trend, and rose to 7,331 units, from
7,294 in December 11 and 7,825 in November 11. The number of
homes for sale continues to exceed a
similar period last year, which posted 6,829 active listings for
February 2011. That said, the current
supply remains one of the lowest in the past 12 months. GLARs
inventory of active listings stands at a
9.4 month supply; inventory levels near a 6 month supply are
often associated with an in-balance
market.
Overall, GLAR members continued the strength of the 1st quarter
2012 with a surge in February sales
volume, when compared to the 1stquarter of 2011. The current
months sales reflect a 25.9% increase
over February 2011, following Januarys 12% increase in sales
volume when viewed against the same
period last year. Market segment performance varies, but in sum,
the warm start to 2012 continues to
offer a few degrees of positive news.
Jefferson County
Feb.
2011
Feb.
2012
%
Change
Jan. 1 - Feb.
28, 2011
Jan. 1 - Feb.
29, 2012
%
Change
Houses Sold 407 536 31.70% 863 1061 22.94%
Averages Selling Price $154,195 $151,545 -1.72% $154,782
$151,937 -1.84%
Median Selling Price $129,900 $122,250 -5.89% $126,000 $123,850
-1.71%
# of Active Listings Placed into Pending Status During Feb. 618
774 25.24%
Active Listings at February 28 4104 4459 8.65%
Greater Louisville Association of REALTORS, Inc.
Residential Sales Statistics
Single Family Residential & Condo
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Jefferson County Market Comment:
Realtors posted 536 sales in February in Jefferson County, an
increase of 11 units from January, but a
decline of 76 units from December. The February12 sales
performance was 31.7% better than February
11 which posted only 407 sales. For the month, the countys
average selling price continued to fall, as it
posted its worst performance of the past 12 months, falling to $
151,545, from $152,338 in January and
$160,652 in December. The loss in the average sales price
measured a -1.72% when viewed against a
similar period last year. The supply of homes on the market in
Jefferson County stands at 4459, down
from last months 4,510 units, but up 8.6% from February11. The
current inventory in Jefferson County
stands at an 8.3 month supply. In sum, Realtors remain watchful
of the decline in average sales prices,
but welcome the increase in sales volume when viewed against
this time last year.
Oldham County
Feb.
2011
Feb.
2012
%
Change
Jan. 1 - Feb.
28, 2011
Jan. 1 - Feb.
29, 2012
%
Change
Houses Sold 51 49 -3.92% 90 87 -3.33%
Averages Selling Price $230,362 $248,551 7.90% $241,916 $243,049
0.47%
Median Selling Price $190,000 $242,500 27.63% $188,950 $210,000
11.14%
# of Active Listings Placed into Pending Status During Feb. 58
72 24.14%Active Listings at February 28 408 448 9.80%
The number of homes that were sold & closed in February 2012
was about the same as 2011 (49 vs. 51
respectively). However, the number of homes that went under
contract and placed in a pending status
was up substantially (72 vs. 58 respectively). Oldham county
sales statistics are more volatile than
Jefferson County due to the smaller sample size, which is about
1/10th the size of Jefferson County.
With this smaller sample size we saw the average sales price up
in February 2012 at $248k vs. $230k in
2011, an increase of about 8%. This rise in average price is due
in part to the sales of some higher priced
homes. The inventory of homes for sale was up 10% in February
2012 vs. February 2011 (448 vs. 408
respectively). In summary, prices are rising modestly versus one
year ago and the number of homes that
went into pending status (contract signed) was up sharply
compared to January 2011.
Bullitt County
Feb.
2011
Feb.
2012
%
Change
Jan. 1 - Feb.
28, 2011
Jan. 1 - Feb.
29, 2012
%
Change
Houses Sold 35 61 74.29% 93 120 29.03%
Averages Selling Price $154,303 $126,855 -17.79% $136,346
$133,145 -2.35%
Median Selling Price $140,000 $135,000 -3.57% $129,000 $131,950
2.29%
# of Active Listings Placed into Pending Status During Feb. 63
94 49.21%
Active Listings at February 28 481 526 9.36%
Bullitt County Market Comment:
Realtors posted 61 closed sales in February in Bullitt County,
an increase of 2 units from January, and 9
units from December 2011. February 12 sales blasted February 11s
sales volume with a 74% increase
in activity. The average selling price in the county for
February fell to $126,855, from $139,649 in
January, and $143,788 in December. Supply, or the number of
homes on the market, increased to 526
units, from 522 units in January and 507 in December, reflecting
an 8.6 month inventory.
