Louisville Market Watch

Louisville Real Estate Update: April 2016

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of April! This monthly post includes Louisville home sales numbers along with price data divided up by our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map (at right) to see a larger version to easily identify where your Louisville home might be located.

While not the superstar that March was, April put in some solid effort and the real estate train keeps moving forward. The biggest winners were Area 9 (Prospect) and to a lesser extent Area 3 (St. Matthews).

More troubling were Areas 8 (Middletown), 2 (Highlands) and 21 (South Oldham) where sales dropped behind the previous year. Several areas reported similar sales totals in April as the previous year.

Louisville Real Estate Update (period ending April 2016)

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending April 2016.
April didn’t turn out quite as well as March. Home sales actually dropped below last year’s total for the month of April. Prices, however, are moving higher, as you might expect as we move into the Summer months.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending April 2016.
Homes sales did surpass the previous year here in our St. Matthews area. While the rest of the city’s home values are moving higher it didn’t really happen here during April. This is interesting given the low inventory which is forcing prices higher.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending April 2016.
Almost a complete dead heat here but in truth, 2016 did edge out last year’s sales total. Overall home prices are moving higher  in Area 6 and things are looking better and better.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending April 2016
After a stellar March, April came back to earth where home sales exactly matched the previous year. Prices continue to impress and are expected to move even higher in upcoming months.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending April 2016.
This MLS area simply couldn’t sustain its strong past performances. For the second straight month sales lagged behind the previous year. Overall home values have not been increasing for the past year, even though April is a step in the right direction.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending April 2016
Where Area 8 was down, our Prospect MLS area was up big building on a weak March to jump even higher in April. Now we just need to see home prices to catch up.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending April 2016
Decent month for home sales in North Oldham as numbers beat the previous year for the fifth straight month. Home sale prices remain flat, which isn’t encouraging.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending April 2016
Up and down, up and down, that’s what has been happening with sales activity in South Oldham. April wasn’t the best month for both home sales and home prices. Let’s hope that May bounces back strong.

Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following were completed through Q1 of 2016.

Tre Pryor is the recognized real estate expert in Louisville. Contact Mr. Pryor to see if he currently has availability to serve your real estate needs.

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!