Anchorage Ky homes for sale saw an almost 30% drop in the number of days homes are staying on the market in just the past few weeks.  In mid-January, weekly data showed that homes for sale in Anchorage were taking an average of 185 days to leave the market.  Now, after another two or three weekly measurements, homes are now taking an average of 132 days to leave the market, a drop of almost 30% in market time.  Now, the real test will be to see whether or not this trend continues, or was simply an anomoly.

Anchorage Ky real estate has seen a drop in asking prices for the most expensive 25% of homes on the market.  Just one year ago, the data in the chart below shows that luxury homes in 40223, which I’ve loosely described as Anchorage, shows that the median asking price as right at $900,000.  Today, that number has dropped to under $790,000.  The gold line on the graph, which is a 90 day rolling average, doesn’t match up very well with the weekly data points, shown in black.  This shows us that there has been a lot of volatility in the pricing of homes in Anchorage, with very big movements one way or another.  My best guess as this point is that some of the owners of the most expensive homes have seen that this is simply not the best time to be trying to sell a $1,000,000 property, and have taken their homes off the market.  Naturally, by removing the most expensive homes, that will lower the overall median asking price, which is what we see on the graph below.

Homes for sale in zip code 40204, which I am loosely calling the Highlands in this article, are leaving the real estate market quicker than homes for sale in the Greater Louisville Area.  I have graphed two lines below, one for 40204 and the other for the city of Louisville.  Usually when I chart this graph for other parts of town, such as 40205, St Matthews and Prospect, Louisville homes leave the market quicker than the areas I highlight.  But in 40204 just the opposite is true, homes in 40204 leave the market on average three weeks quicker than Louisville homes for sale.

If you have any questions about Louisville Highlands homes for sale, or 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.