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)
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.
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.
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.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes