Welcome to our Louisville Real Estate Update for the month of August 2016. 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 to better where your Louisville home is located.
Louisville Real Estate Update (September 2015 – August 2016)
While collectively Jefferson County saw a very strong month for both home sales and home values moving higher, depending on which part of the city you’re looking at, you would have seen very different results
As you’ll see from the charts below, some areas were up huge! While others saw sales activity drop dramatically.
Just look at our first two areas. Even though they share similar proximity one was up big (#2 Highlands) while the other wasn’t (#3 St. Matthews).
The main story continues to be the extremely low housing inventory levels. Without a doubt, we would be experiencing a record year otherwise.
But check out that price trend-line. Some are moving much, much higher! Incredible.
Sales were up big time in Area 2! Maybe in part because prices came back to Earth. Overall price appreciation is still very good.
Sales were down compared to last year but that’s partially due to last year’s higher number for August. Home sale prices in St. Matthews continue to be strong. Few bargains to be had.
Great month for home sales in our Okolona MLS area, not only beating last August but beating both July’s. This with the highest median home sale price on record!
Check out those prices! JTown is certainly drawing a crowd. Homes in the lower price tiers are selling fast and furious in Louisville these days. Total volume is down from last year. Third straight month where the number came up short.
Home prices are more flat in this Area #8 than other Jefferson County regions. But the solid price gains of the summer should move things a big higher going forward. Sales just missed matching last year’s total.
Sales dip slightly in this area but prices hold steady. Bit down YTD but not by much. Prices inching higher.
Not as bad as last month but still not great. It highlights that more expensive homes aren’t selling at near the pace of their lesser priced siblings. Prices remain flat for North Oldham as cheaper housing options are are greater demand.
Strong month in South Oldham for home sales. Prices, however, are another story, and not a pleasant one. Check out that drop!
Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q2 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
