Welcome 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)
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.
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.
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.
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.
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.
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.
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.
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.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes