August did not perform as well as July in Louisville home sales, which is typically the case. But for some reason, August 2012 did much better than the month it followed.
This makes our comparisons a bit odd.
For several Louisville MLS areas in this survey, August home sales lagged behind the previous year’s numbers. This is not something we would expect to see while the 2013 real estate improvement is still underway.
Home values were a mixed bag with more moving higher than lower and one, Area 6, breaking it’s all time record.
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Louisville Real Estate Reports (period ending July 2013)
Both metrics performed well during August for Area 6, who is our winner for the month. Home sales were up big and the $130,000 median sale price was the highest on record. Things are looking great here lately!
Home sales in this part of Louisville were almost dead even with the previous year but values are moving higher. The upward trend-line in this MLS area is the steepest (healthiest) of our monthly charted areas.
Area 8 stayed the course during August with sales dipping below last year and values maintaining a small margin ahead of the trend-line. It may be the case that last August rather than this one was the anomaly.
Not the best month for Area 9 as we saw both metric not perform up to the previous year’s August. Typically July outperforms August, which is the case this year. But looking back it appears that August 2012 did much better in home sales for most of these sampled areas.