Louisville Market Watch

Louisville Home Sales Decreased for the First Time in November

Louisville Home Sales Chart for Jefferson County by month

November home sales in Jefferson county just came up shy of last year’s mark.

“You missed it by that much.” Maxwell Smart

Most of the year, home sales in 2015 surpassed the mark set for the same month in the previous year. Only in August did they actually tie. That was until November, for the first time Louisville home sales decreased compared to the previous year.

Jefferson County Homes Sold during November

2005    863			
2006    851
2007    732
2008    490
2009    818
2010    546			
2011    623
2012    731
2013    778
2014    722
2015    714

Could it be that the ultra low housing inventory in Louisville is finally affecting home sales? I’d say it’s certainly part of it. It could be the biggest reason. But it could also that after an above average year, everyone who wanted to purchase their new home has already done so.

Last year, there were actually more homes sold during December, 782 properties, than November so it’ll be interesting to see if that trend follows suit, because it typically does not.

Overall though, 2015 has been a surprisingly strong year for home sales in Louisville. What will 2016 hold? Make sure to bookmark this site and return for our city’s only monthly, comparative housing reports.

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!