February is now in the books. What happened in the world of Louisville real estate? You’ve come to the right place! No other site in the city covers this local data like Louisville Homes Blog.
Each of our monthly MLS areas is now updated. You can either view them here or, as always, via the Housing Reports tab in our navigation.
- MLS Area 2: The Highlands
- MLS Area 3: St. Matthews
- MLS Area 6: Okolona
- MLS Area 7: Jeffersontown
- MLS Area 8: Middletown
- MLS Area 9: Prospect
- MLS Area 20: North Oldham County
- MLS Area 21: South Oldham County
Once March is finished, I will be updating our quarterly MLS areas. So let’s jump right in!
Jefferson County Housing Market Report
Talk about a close race! Home sales in Jefferson County were almost a dead heat. Last year during February, there were 734 properties sold. This year, that number inches higher to 736. Not bad, not good really. Since last September, home sales have almost mirrored the previous year.
After a drastic drop in January, February improved a bit. The median home price that sold during the month was $182,250 up from $175,450 last February.
I expect to see further growth as the weather warms, but not across all the price tiers. There’s a very strong emphasis on the lower end of the Louisville real estate market.
Louisville MLS Areas with Monthly Reports
Not the best month for Area 2 with prices floundering. Things will need to improve in the near-term otherwise our trend-line will start moving lower.
We flip the script in Area 3. Home sale prices are absolutely no problem even at this higher price point but sales continue to lag for the second month in a row.
Look at those home sales! Lower-priced homes are in great demand and that’s what Area 6 has. Prices are lower here in the off-season but I fully expect that to change as we head into Spring.
Area 7 is looking better and better. After a down month in January, February bounces back with a “win” over the previous year. This while home sale prices are moving up.
Stronger January then February gives it back. Prices drop as they should have been doing all Winter. Very strange!
Home sales came up a bit short of the previous year for the month of February. Prices improve slightly but still have some work to do.
The median home price fell so sharply for this area in February, I had to recreate my chart’s vertical axis. This up and down is pretty extreme but remember the much lower sample size for both of these Oldham County MLS areas.
Here we see a much better picture. Sales increasing and the trend-line pointing higher.
Louisville Real Estate Report: Quarterly MLS Areas
All of our quarterly MLS areas are updated through the end of the year. Find the links below, or in their normal spot under the House Reports tab in the nav.
- Central Downtown District, Old Louisville – Area 0
- Downtown, Old Louisville, West Louisville – Area 1
- Pleasure Ridge, Valley Station, Shively – Area 4
- Auburndale, Fairdale, Iroquois Park, Shively Homes – Area 5
- Bullitt County – Area 11
- Spencer County – Area 19
- Shelby County – Area 30
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