Louisville Real Estate Reports by MLS Area: November 2012

In all but one of the monthly reports, Louisville saw a healthy increase in home sales, and in some cases outstanding growth. Leading the way was the colossal month that Area 6 had. Wow!

Values continue to be mixed, but most are improving. Area 20 being the lone standout in this trend. All in all, a very solid month. Can we order up several more for the upcoming months?

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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 November 2012

Solid month for Area 2 as home sales were up over previous year and the value number was also improving. Not on as grand a scale as other Louisville MLS areas but healthy growth.

The median home sales price in this area continues to decline which, if it keeps up past the 1-year mark, would prove troubling, especially in light of the fact that most home prices are moving higher. Sales, however are very strong for November in Area 3.

Gigantic month for home sales in Louisville’s Area 6 as 133 homes were sold for the month! This compared to just 80 for November 2011. Values are improving at a modest rate.

Like Area 2, another solid but not spectacular month for this area. Sales were up over the previous year and home values are trending higher, though the monthly fluctuations should be tossed out in favor of a more generalized data point.

Very strong November for Area 8 with 86 homes sold during the month—a major jump compared to 50 a year ago. Home prices are also recovering nicely after the 3-year decline.

Another great month for Area 9 with both indexes improving. The seasonably warm weather has helped all Louisville real estate sales and home prices are moving upward, which is welcome news to home sellers in our city.

After an incredible October, home sales came back to earth in November for Area 20, but still positive. More troubling is the considerable decline in values. What needs to be remembered is that in areas with more new construction, less expensive homes are being built than in the past and this affects the index.

While Area 20 home prices are declining, Area 21 couldn’t be more steady. Look at that line! But the bad news is that for the only area in our monthly real estate reports, this area had fewer home sales this November than the last.