Homes sales in Louisville increased in August when compared to August 2010 numbers, according to data released by the Greater Louisville Association of Realtors.
August saw over a 20 percent increase in sales when compared to the same month last year, but the housing market in the Louisville region continues to struggle compared to past year’s averages. GLAR numbers should be considered in a larger context and it’s important to look at the broad picture when considering where the market stands, said realtor Greg Fleischaker.
“I can tell you I’m the tallest person in my family and that tells you nothing. But I am. I’m the tallest person in my family, but I have two kids that are thirteen and eleven so it doesn’t tell you much. So it all depends on what you’re comparing it to,” he said.
“August of 2011 actually brought the average up which is even more frightening, right, that our average sales have been so low that this past August actually brought the average up. So yes, we had a relatively good month in August, but that just tells you how bad the first seven months were this year,” said Fleischaker.