Louisville Market Watch

Louisville Real Estate Reports for October 2013 – Charts

mls_areas_mapWelcome to Louisville real estate reports for October 2013!

Overall it was a strong month for real estate in Louisville with both home sales beating the previous year in most of our monthly reports. This while home values continue to move higher.

The biggest winners for home value appreciation is Area 21, the southern portion of Oldham County. Area 7 wins for biggest improvement in home sales for the month.

Do you have any questions about Louisville Real Estate? I’d love to help. And as always, thank you for visiting LouisvilleHomesBlog.com!

Louisville Real Estate Reports (period ending October 2013)

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending October 20142
Strong month for real estate in Area 2, especially home sales which not only beat year-over-year but actually sold more homes than September. Price trend continues to move higher.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending October 2013.
Not the best month for Area 3 in Louisville real estate as home values came back to earth after a colossal September. Home sales in this part of the city also trailed off, failing to surpass last year’s monthly total.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending October 2013.
Louisville Area 6 performed as one would expect for this month in the cycle if a little less well. Sales were almost exactly the same as last year, which is a little disappointing given the success in other parts of the city. Seasonally, prices typical do decline but the market as a whole should be rebounding from the housing recession.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending October 2013.
Homes sales continue to impress in Area 7 as 144 homes were sold compared to just 113 last year. The home price value starts the trend line moving lower for the first time in months.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending October 2013.
Better than expected month for home values as they continue to move the trend higher, which is great for Louisville Area 8 homeowners. Home sale volume, however, was disappointing for the month, even failing to surpass last year’s total.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending October 2013.
Like we reported last month, Area 9 continues to have solid home value growth through November with the median home sale price of $225,000. The trend continues to move higher. Home sales were still strong even though they couldn’t beat last year’s total of 121, which was quite good.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending October 2013.
Home values in this part of Oldham County are completely flat as far as the eye can see. Not sure how much of that the lack of appreciation or the trend towards smaller, less expensive homes that are being built. But what is going on with home sales? October beats September for the second year in a row and it wasn’t even close.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending October  2013.
Home values in Area 21 have been jumping up and down quite a bit lately and October is no exception where the median value was $261,250. Unlike North Oldham, home values for the year are higher here in the South portion. Home sales also beat the previous year.

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Tre Pryor, Editor-in-Chief

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