Welcome to our Louisville real estate charts for March 2015. Home sales were up in all but one monthly charted area, which is great news. Some were up big!
The biggest winner was Area 8 which saw huge gains in sales and a nice upward spike in home prices. We expect this to continue going forward into the Spring and Summer.
Louisville Real Estate Charts (period ending March 2015)
Prices moved higher but are still below the trendline in March. Sales did perform well, ahead of last year in each of the past 6 months.
Home sales improved dramatically during March for Area 3 but prices dipped, this while the rest of the city saw mostly higher values.
The least impressive area in our survey was Area 6 where sales didn’t meet last year’s March and values dropped a bit.
Solid month for Area 7, as sales inched past last year while prices vaulted higher.
The best area in our survey goes to Area 8 which saw home sales skyrocket, beating the previous year by a large margin. At the same time, home prices grew significantly.
Great month for real estate in Area 9 as both metrics saw positive progression.
Home sales matched the previous year in Area 20 but prices are the real story as they continue to move higher pushing the trendline upward as well.
Similar performance to North Oldham was the neighbor to the South where both home prices and home sales improved in March.
Other Louisville MLS areas are updated quarterly, which includes this period ending March 2015: