Louisville Real Estate Sees 9 Straight Weeks Of Flat Or Declining Prices!

I was recently quoted in the local paper being a bit of a contrarian. The article was discussing the recent release of the Case-Shiller Index report, and how it had reported an increase in the sales prices of homes. In response, the local reporter was looking for confirmation from local agents, but I was reporting quite the opposite. Yes, I know what the Case-Shiller report says, but I am looking at current market trends, and not data from homes that sold a few months ago. Currently, home sales in Louisville are sliding, and have been for quite a few weeks. Well, I took a bit of heat form other agents in town about my negative outlook. But now I have gone back and looked, and put together a graph showing what homes prices in Louisville have been doing, and I don't feel so bad about my negativity! The past nine weeks have seen either flat or declining prices for homes across Louisville, just as I reported to the local paper, and not what the "experts" were expecting to see after reading the Case-Shiller report.

If you have any questions about Louisville real estate in general, please visit my website at www.GregFly.com. Also, please feel free to call anytime or send me an email at greg@gregfly.com.