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Foreclosure Short Sales Drag Louisville Home Prices Down Business Articles | February 18 Cheap NHL Jerseys Discount , 2011
With the many foreclosure short sales, the decline in home prices in Louisville did not come as a surprise. The city joins 74 others which posted drops as well. By MostlyForeclosures


A survey from the National Association of Realtors revealed that Louisville home prices dropped by about 0.8 percent last year. It joins 74 other areas in the nation which posted a decline compared to the previous year. One culprit experts are looking at is the large volume of foreclosure short sales in the market.


In 2010, median sales price was pegged at $129,100, which is significantly lower than the $130,100 price posted in 2009. In the Midwest, home prices went up to $139 Cheap NHL Jerseys From China ,300 or about 0.5 percent during the last quarter of last year. According to NAR, it was clear that home sales recovered during the last few months of 2010 and helped absorb the huge inventory, which includes Louisville foreclosures.

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