Louisville Market Watch

August 2018 Louisville Real Estate Report

With the start of a new month, comes the August 2018 Louisville real estate report. The stats show it wasn’t as strong as July but still a solid performance.

Map of Louisville MLS Areas

These charts are for each of the GLAR MLS areas. We publish 8 monthly and 7 quarterly reports. Click to enlarge the map.

As the Summer winds down so too are home sale prices. Typically they slow after the Selling Season but usually, that doesn’t really begin until September. This might be a sign of market cooling for it to be occurring already.

There is a bit more housing inventory now than there was in the first part of the year. But there’s a huge need for homes under $200,000. Those properties are selling very quickly, often with multiple offers.

If you can find a great “move up” option, selling your starter home here in Louisville is currently a simple task.

August 2018 Louisville Real Estate Report

Louisville Real Estate Update: Highlands MLS area 2

Home sale prices coming back down but home sales here in Area 2 remained very strong for the month of August.


Louisville Real Estate Update: St. Matthews MLS area 3

Sales still flying but prices dip sharply. Still a great deal of housing inventory for homes at $400,000 and higher.


Louisville Real Estate Update: Okolona MLS area 6

Demand here remains strong and prices just… keep… going up! Sales are trying to keep pace with last year but can’t do it.


Louisville Real Estate Update: Jeffersontown MLS area 7

Prices coming down after a stellar July. Home sales are lagging here. But Jeffersontown still has a good number of affordable homes.


Louisville Real Estate Update: Middletown MLS area 8

Home sales almost matched the previous year. The trend-line is now flat as prices are going to start moving lower.


Louisville Real Estate Update: Prospect MLS area 9

Fairly good month for home sales. Prices continue to disappoint in Area 9. Similar to Area 3, homes in these higher price tiers are still plentiful.


Louisville Real Estate Update: North Oldham County MLS area 20

Great month for sales. Terrible month for prices.


Louisville Real Estate Update: South Oldham County MLS area 21

Pretty standard month for this real estate area as we see 2018 can’t match last year.


Quarterly LHB Housing Reports

All of the quarterly Louisville real estate reports are now updated through Q2 of 2018. If you have any specific questions, please let me know.

Jefferson County Housing Report

Louisville Real Estate Update: Jefferson County Kentucky

Home sales in the lower price tiers continue to push the market. Demand is high and it pushes prices higher for these homes. Higher priced homes are not moving nearly as fast.

In August, 1,275 properties that exchanged hands. This is down 2.6% from the previous year. Only February and April were able to surpass the previous year’s totals.

The median sales price for August 2018 in Louisville Kentucky was $181,900. That’s 8.2% higher than August 2017 but it’s 6.2% lower than last month. Due to seasonality, we see home prices decline during the “off” season but August shouldn’t fit this label.

There’s still a great need for homes as demand is present. Selling now is easier than it has been in years.

If you’re interested in the value of your home, please contact me. I’m happy to help!



About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!