Louisville Real Estate: Area Reports for September 2012

Another strong month for both Louisville home sales and home values, which generally saw improvement across the board.

Looking back over the past 12 months, of the monthly reports we publish here at Louisville Homes Blog, only two MLS areas have higher trend points now than they did. I expect more improvement in this area going forward, unless consumer confidence takes a hit via the upcoming election.

Global confidence in Obama is worsening and that’s likely to further seep into the country’s mindset as well, if re-elected. Projecting future real estate performance depends a great deal on the outcome of November’s elections.

Do you have any questions about Louisville Real Estate? I’d love to help. And as always, thank you for visiting LouisvilleHomesBlog.com!

Note: Below you’ll find our monthly reports for the following Louisville housing markets. These charts display Louisville home sales and Louisville median home values with a trend-line.

Monthly Reports: Period Ending September 2012

Sales in Area 2 continue to impress with a nice jump in August. Home prices drop slightly but the trendline, ever important, continues to move upward even if it’s quite small. I expect prices to slowly return to higher levels over the next two years.

A decent month for this area, in terms of home sales, but prices dropped to their lowest levels since January 2010. Hopefully this is just a monthly anomaly and not an ongoing move for this established Louisville area.

Area 6 has seen a great couple of months, in terms of both home sales activity and home values, which are improving after a couple of down years.

Home sales are quite healthy of late, but values have a ways to go in order to fully rebound from the decline this area has experienced. The past 5 months are improvements however. Can it continue?

Like Area 7, this area is performing with moderate improvement in the home values but great success in sales.

Home sales in Area 9 have been solid, steadily beating 2011. Home values are not experiencing the same rejuvination. The past few months have been improving however, and I expect that trend to continue through the end of the year.

This is the worst performing area for the month, with both disappointing home sales and home values under-performing for the second straight month. Perhaps, the gains of the previous year are requiring a re-balancing act.

Unlike its neighbor to the North, Area 21 has experienced steady home values over time. Combined with healthier than average sales, it’s been a welcomed time for this area.