Louisville Market Watch

Louisville Real Estate Update: October 2016

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of October 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 see where your Louisville home is located.

Louisville Real Estate Update (November 2015 – October 2016)

 

Not a lot of price improvement in Oldham County but throughout Jefferson County prices are soaring! Typically, we see a 4% annual gain in home values. Over the past 12 months in Jefferson County, that number is 7.7%! Astounding.

Areas 6 & 7 are performing quite well, with their more modestly priced homes. Areas where the average sale price is higher aren’t seeing the same results.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending October 2016.
Prices inched higher continuing the trend-line higher here in Area 2. After two super strong months of home sales, October dipped behind the previous year.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending October 2016.
Similar to Area 2, we see similar results here in our St. Matthews area. Prices moving higher, even as we head into the off season. Sales still strong but a bit behind last year’s mark.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending October 2016.
Okolona and these surrounding areas are still performing incredibly well. The median sale price of $150,000 is a new record high. This coming in October of all times?!

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending October 2016
Prices are really moving up in Area 7 in dramatic fashion. This at the same time as October home sales trounced the previous year.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending October 2016.
Much more modest numbers here in Area 8 where the price point is higher. Overall improvement in prices but nothing dramatic and sales dipped below the previous year for October.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending October 2016
Decent but not great sales activity in our Prospect real estate area. Prices remain above the trend-line, just barely.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending October 2016
Our least impressive performance comes here in North Oldham as prices are flat and sales activity is dropping and dropping. October is the sixth straight month where home sales were behind the previous year.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending October 2016
Better results here in South Oldham but prices are flat. The push towards lower priced homes is taking a larger toll in Oldham than in Jefferson.


Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q3 of 2016.

All Jefferson County

Charts of Louisville home sales and Louisville home prices for Jefferson County KY MLS area 30 for the 12 month period ending October 2016

For the month, sales are almost exactly the same as last year with 1,008 homes sold during October. This after two straight winning months.

Prices are the real story here. County-wide home prices are increasing quite well. The median sales price for the month was $167,000. Last October this value was $155,000. That’s a 7.7% gain!

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!