As I predicted last month, March performed quite well! Better than February in most areas to be sure.
Finally some listings are starting to trickle onto the market. Just a few more than listings sold but I’ll take what I can get.
In this edition of the Louisville Real Estate Update, MLS Area 8, which contains Middletown, Douglass Hills, Hurstbourne and part of Anchorage had great sales in March. This, even while prices moved much higher. Very strong.
Oldham County continues to lag behind. Higher priced homes are taking longer to sell but not terribly so. Modestly priced homes are flying off the shelves!
If you would like to know the value of your home, I’m always happy to help. Contact me directly and I’ll come out and meet you, view your property then give you the true market value of your home. No strings attached.
After a rough February, home sales rebounded in March by a good amount. Prices remain low due largely to seasonality.
March was a better month for Area 3 here in Louisville. After 3 straight months of losing to the previous year, our St. Matthews area edged out the previous year and saw sale prices move above the trend-line.
After the stellar months in the past, it’s tough to complain about how Area 6 has performed of late. Solid month for both of our metrics.
Sales up but prices down. But given the growth in prices in our Jeffersontown region, things are still looking good for homeowners in this MLS area.
If February was good, March was even better with home sales over 100 units and the median home sale price moving higher.
Sales are up over the previous year for everything month going back to November. That dip in prices last month has rebounded a bit.
Area 20 continues it’s lateral movement as home sizes decline and new construction makes up a good portion of all sales in Oldham County.
Prices continue to impress for the second month in a row but sales activity has been down for 5 straight months.
Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q4 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
All Jefferson County
Decent March here in Louisville for home sales. Given our pathetic housing inventory, it’s a surprise we’re even seeing these kind of numbers. Just imagine what might happen if more homeowners decided to list?
Prices didn’t change from February to March but year-over-year numbers are insane. In some places as high as 10%! That just doesn’t happen in Louisville.
Want to know what your home is worth, contact me. I’m always happy to help!