According to the Louisville Homes Blog (which is run by realtor Tre Pryor), home values in Louisville are rising, marking a gradual increase since September 2009.

Home sales continued through the expiration of the home buyer’s tax credit, but fell in July. August shows a slight recovery. Pryor offers an explanation on Insider Louisville:

Typically, more homes are sold during late Spring and the Summer months than the rest of the year combined.

This isn’t always the case and part of the reason might be our record high temperatures. When it’s 95 degrees outside, many Louisvillians seek cooler temperatures indoors. In any event, August sales did improve over 2009 as many who didn’t make their move in July thought to make it before the school season started in September.