Welcome to Louisville real estate reports for August 2013.
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)
Disappointing month for home sales in Area 2 as they failed to beat August 2012 totals. Home values, however, area improving which is needed and somewhat expected.
Very strong month for home sales in Area 3 with 102 homes sold, for a 27.5% increase of the previous year. Home prices moved higher but still have room for growth.
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.
Area 20 results are very similar to Area 8 with sales dipping behind the previous year while home values hold steady. The price trend-line is about as flat as you can get.
This area is the inverse of it’s Oldham County neighbor with sales slightly better and values dipping down. We’ll have to wait and see if this continues or is returned to normalcy.
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