The Median Home Price in Louisville Dropped

The median home price for April 2009 was $124,000. "The median" is a term describing the half way price point. So, half of the homes sold in April were below $124,000 and half sold were above that amount. It's actually a pretty good measurement to determine how overall home prices are doing relative to another time in history.

For example, the median home price fell 6% from a year ago. That means the home values generally dropped. Although, this seems like tough news, The National Association of Realtors said that it fell 13.8% nationally.

It is also interesting that the amount of homes sold in April was also down 22%. What that means to those of us selling our homes, is that we have to become even more aggressive on our price if we want our house to sell.