Louisville Real Estate Reports for March 2013 - Charts

The first quarter is behind us so this post includes Louisville real estate charts for each MLS area.

The month performed quite well in most areas with a few exceptions. Area 4 in Jefferson County was quite down. As were a couple of the surrounding counties. But for the most part is was a solid month for Louisville real estate, which should be welcomed news by all!

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Louisville Real Estate Reports (period ending March 2013)

Very small sample size so prices are susceptible to wide swings. So it’s even more important to key on trendline, which is basically holding steady. Home sales are beating the previous year in almost every month.

Not a good month for Area 1 with both sales dropping off and prices as well. This is the most erratic area for changes in home sales due possibly to the wide variety of home types.

Nice rebound month for this area as the home sales more than make up for the previous, disappointing month. Home prices also responded but not to the degree to make a marked difference in the trend.

Very solid month for this area in both metrics. It’s easy to see here how transactions that did not occur in one month fell over into the following as March home sales balanced out the drop from the previous month. Home prices are moving higher, as well.

Major drop in home prices to start the year just returned to trend in March. Home sales in this area were the exact opposite as January and February were far stronger than the previous year as March disappoints.

The big story here is the massive increase in sold home prices over the course of a single year. The one year trend as of March is $92,995 which is an 11.8% increase over the 12-month period. Astounding! Home sales were also up huge making this area the monthly winner.

Big month for Area 6 as well. Both home prices and home sales in this area were higher by large amounts. 47 more homes were sold this March than in 2012. Wow!

Improved performance out of the gate for March. Trendline continues to move higher boding well for area homeowner’s values. Sales showed moderate improvement over the previous year.

Just moderate improvement in this area for the moth, with both measures up slightly. Home prices still have room for growth, as the year moves forward.

Area 9 follows the lead of several areas by improving slightly in both categories; price trend-line moving up and sales higher than previous year.

It still looks strange to see December 2012 sales that high but I went back and double-checked and the database shows 100 homes sold. Anyway, the start of the year shows improvement in home sales but prices have stalled.

This might be the case of the dropping desired size of homes for new construction affecting the whole sample as prices continue to slide in Spencer while improving in other locations. Sales are also not impressive.

Good to see some improvement in home sales but prices remain and real growth seems to be off in the future.

This portion of Oldham County is performing a bit better as prices are rising moving the trendline higher. Sales continue to lag behind.

I’m seeing some strange numbers in unexpected areas. Typically as the year moves on sales improve as do sale prices unless sample sizes are too small, so possibly that’s what’s happening here but it appears prices aren’t faring too well in Shelby County to start 2013.