Louisville Real Estate | Sutherland Subdivision Real Estate Update

I have a friend who lives in the Sutherland Subdivision of Louisville, or Prospect to be more precise, and he was curious how the micro real estate market was behaving for his neighborhood. Since it is pretty easy to pull that info off of the local MLS, that is exactly what I did, and here is what I found. So far this year, there have been 23 listings in Sutherland, but only 12 homes are currently active today. Of those 23 total listings so far in 2009, only 7 have sold and closed in Louisville's Sutherland Subdivision, with another 18 listings leaving the market with a contract. Obviously, that last number includes a few homes that came on to the market in 2008, but it is still worth looking at, as we can see that less than 1/3 of new listings, or Louisville Sutherland homes for sale resulted in a completed contract and sale.