Louisville sales also were off from 2010 but ahead of ’09. Average sales price, off from 2010, is up over ’09 and 14% ahead of where it was in ’05. Average days to contract dropped to 42 in April! Inventory is off 19% from last year and 10% below where it was in ’05. Months of inventory was 5.9 in April. 5 to 6 months of inventory mark the dividing line between a buyer’s and a seller’s market. More than 5/6 months is a buyer’s market, less is a seller’s.
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