Louisville Market Watch

Louisville Home Sales Charts through December 2015

Map of Louisville MLS AreasWelcome to our Louisville Home Sales Charts through December 2015!

Home prices in Area 9 (Prospect) and Area 21 (South Oldham) have been climbing dramatically. Just look at them! To a lesser extent, Area 6 (Okolona) and Area 7 (Jeffersontown) have as well.

Area 3 (St. Matthews) remains the solitary declining region in our monthly reports.

Home sales were solid for most areas in December, finishing our a near record-breaking year in 2015. This trend may not be able to continue though, as available homes for purchase are at record lows of their own. Combine this with rising interest rates (still at historical lows) it’ll be interesting to see how the first few months of 2016 begin.

Louisville Home Sales Charts (period ending December 2015)

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending December 2015.
December came up 5 homes shy of matching last year’s sale total but that’s not so bad. Prices continue to move higher, even as we hit the off season.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending December 2015.
Home prices in Area 3 are a bit troubling as they continue their long slide. The sale prices during November and December have helped but it’ll take a few more months to reverse this trend. On the plus side, home sales spiked in December with a huge jump.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending December 2015.
Overall positive month for real estate in our Okolona MLS area with both metrics looking solid.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending December 2015.
December was a better than average month for Jeffersontown Louisville real estate. The prices in this part of town continue to move higher and sales beat the previous year every… single… month.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending December 2015.
Home prices in Middletown have been declining over the Summer but December’s value is moving in the right direction. Sales activity improved over November, nearly matching last year’s total.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending December 2015.
Sales have been solid for our Prospect MLS area all year but the real story is values, which have been climbing higher and higher since the start of the year. It’s a wonder sales have been able to keep up.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending December 2015.
Better month for home sales in North Oldham but prices came back to Earth after a stellar November. Still, positive movement for the year in both metrics.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending December 2015.
While prices have roughly remained the same in North Oldham, they’ve been “going like gangbusters” in South Oldham. It’s only been the last three months that have no begun a market correction. Sales came up shy for the 2nd time in three months.

Other Louisville home sales charts by the remaining MLS areas are updated each quarter. The following were completed through Q4 of 2015.

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Tre Pryor, Editor-in-Chief

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