(click to enlarge)
Sorry for the delay! My computer died and I had to wait for the new rig to get built and shipped. (It’s never fun to be without the tech needed to produce this great content!) Now that we’re up and running fast, here’s the July Louisville real estate report for our fair city.
You can’t find this analysis or data anywhere else. All I ask is the chance to earn your business. If there’s anything I can do to help you, please let me know.
Now, let’s begin!
Jefferson County Housing Market Report
Slow and steady wins the race, right? Well, that’s what our sales have been doing. Nothing earth-shattering just solid home sales. We’re definitely off the pace of last year, so that should be noted. For July, there were 1,208 homes that exchanged hands in Jefferson County. That’s a very slight drop from last year’s total of 1,234.
Looking at prices, there’s still pretty high for our Summer selling season. The median price of homes sold during July was $204,950. Down just 50 bucks from June but up $10,450 over the previous year. Wow!
I want to get a better feel for our yearly appreciation so I compared the trend-line values. Doing so we arrive at an incredible 6.2% increase. That’s simply huge! Louisville typically averages around 4% yearly appreciation going back to the 1940s. Like I said last month, it’s a great time to be a homeowner!
Louisville MLS Areas with Monthly Reports
Strong month for Area 2 with both metrics performing well. Sales just missed last year’s mark and prices are still holding up.
This is a bit of a disappointment here with home sales dropping quite a bit. These sale prices aren’t impressing anyone either, though things could obviously be worse.
It’s quite remarkable how much home values have increased in Area 6. Due in large part to the fact that homes are cheaper here and that’s what today’s buyers are wanting. After surpassing sales in June, we see activity drop a bit in July.
While prices hold steady with the past two months, sales decline a whopping 19.2% compared to last year.
I did not expect to see home sales spiking like this in Area 8 with its higher price point. Looks like some buyers are getting some bargains.
Much like Area 8, it’s another higher-priced part of Louisville that’s seeing home sales jump. What makes this even more insane is that July performed this well with a significant increase in sale prices.
Strong month for both metrics here in Area 20. It seems the city is split between June or July being the stronger month for home sales. Expect declines in August.
Improved home sales but with a small decline in those sale prices. The overall trend is moving lower as demand for lower-priced options continues.
Louisville Real Estate Report: Quarterly MLS Areas
All of the quarterly Louisville real estate reports are now completed through June. Check out the links below or find them all in the drop-down menu at the top of each page.
- 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
If you want to know “What is my Louisville home worth?” Please contact me. I’m always happy to help!
