Very strong month for real estate in Louisville, Kentucky. Sure, there are some trouble areas. Most notably Areas 1 & 4 but each have something to brag about.
Then there are the superstars: Areas 2, 7 and 8. Wow. Look at those charts!
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Louisville Real Estate Reports (period ending June 2013)
Because of the low volume, numbers in this MLS area are more volatile. Even though values remain largely unchanged, let’s take comfort in the improved sales over the previous year.
By far, this is the worst performing area in our report. Values are just starting to move higher but sales activity has lagged behind the previous year 9 out of the past 12 months.
Whoa Nellie! Look at that price increase! For a high activity sales volume month, to see an increase in values like that is remarkable. It’s sure to drop next month but moving the trend-line higher is strong. I did expect June sales to beat May.
Considering all the increases throughout Louisville, I expected to see the same here in Area 3 but it certainly didn’t happen. Not only did sales fall short of last June, it didn’t even best May. Values however are moving higher.
Home values continue to slide in this portion of Louisville. I guess the glass half full would say there are still some deals to be had for home buyers. This area also doesn’t follow the seasonal bell curve that most data-sets present, for a reason I have no clue about.
After a few solid months of improving home values, June saw a record low for the year. Sales activity is very strong, which could mean some new home buyers got some great deals on their purchases.
Similar to Area 2, we see good improvement in both sales and values here in Area 6, where a new median home price mark was set, $128,500, the highest value on record. Home sales are strong too.
June was a healthy month for Area 7 all the way around. Home values just keep moving higher, this while home sales far outpace the previous year.
Not quite on pace with Area 7, this area still some a strong month of June with new median home price highs, as well as, a strong showing in home sale activity.
And ditto for Area 9 for both solid improvement in both metrics. The median sales price of $242,475 is the highest on record for this area.
Home sales are ramping up during the Summer months in Area 11, while home values struggle to improve.
The trend towards lower home values in Spencer county has finally seen some opposition with a strong performance in June. Sales, however, continue to lag behind.
Like some of the other areas in this report, Area 29 saw healthy gains in both home sales and (especially) home values. The $299,000 is not a record but is the best since July, 2011.
Gains in both metrics for the month of June in Area 21. More modest in sales but it’s good to see the trend moving higher for home values.
Very strong month for home sales in Shelby County. This while home values are looking for improvement to match its neighbor to the West.
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