July 2020 Louisville Real Estate Report Thursday, Aug 6 2020 

Map of Louisville MLS Areas
Our charts are divided into our GLAR MLS areas. Click image to enlarge.

July saw increases in home sales across most of Jefferson County. Certain areas, like Jeffersontown and North Oldham had major increases. It’s clear looking at the stats that there a great amount of demand currently. This is highlighted in areas where the homes are more modestly priced.

Each month we create our Louisville real estate reports for you free of charge. You don’t even have to give us your email. There is nothing like this anywhere in the city and I’ve been doing it since 2006. If there’s something you’re interested in learning, drop me an email and ask. I’m always interested in what my readers are thinking about.

As we do every quarter, all of our MLS areas are fully-updated. This includes all of Jefferson County, and the four surrounding counties: Oldham, Shelby, Spencer, and Bullitt. Read on to learn more about how your home’s area performed.

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending July 2020

That’s two straight months with more sales than the previous year. Clearly, demand is growing but housing inventory continues to hold it back.

For the month, there were 1,304 properties sold. This is a 6.3% improvement over last July’s total of 1,227. While not groundbreaking, this is solid growth after two very down months—April and May.

Last July, the median sales price for the month was $205,000 for all of Jefferson County. This July that number jumped 8.8% to $225,000. That’s pretty huge! Even more impressive that it happened during a month of increased sales.

We will not look at the MLS areas that we cover each month.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending July 2020 - MLS Area 2

Home values were sustained for the month of July. The overall trend-line for Area 2 remains quite flat. Home sales surpassed the previous year for the second month in a row.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending July 2020 - MLS Area 3

Here we see some very strong numbers for Area 3, specially looking at price improvements. While 2019 was more volatile in terms of home sales, there is a smooth curve of increasing totals coming out of Winter into the Summer.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending July 2020 - MLS Area 6

Similar to Area 3, we see both metrics moving higher in July in this area. Sales are down just a touch compared to June but still beat the the previous year.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending July 2020 - MLS Area 7

Look at those prices go! There are bidding wars for most new listings in the lower priced parts of Louisville. It’s very commons for homes to sell the 1st or 2nd day on the market, thus pushing the sale prices higher.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending July 2020 - MLS Area 8

Area 8 didn’t perform quite as well but still we see positive home sales over the previous month.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending July 2020 - MLS Area 9

In Area 9, Prospect, the median home sale number keeps moving higher in July. This is finally starting to tilt the trend-line upward. Home sales hold steady.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending July 2020 - MLS Area 20

Home sales drop in July after an outstanding June but home prices hold firm.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending July 2020 - MLS Area 21

In Area 21, prices dip ever-so-slightly but sales spring higher!

Louisville Real Estate Report: Quarterly MLS Areas

All of the Louisville Homes Blog quarterly MLS areas are now updated through the end of June 2020. Click the link below or, as always, in their normal spot under the House Reports tab above.

Are you saying, “What is my Louisville home is worth?” Reach out to me and we can schedule a visit. I’ll tour your property, complete a CMA, and give you a better report than most appraisers. And it’s all free, no strings attached. Work with Louisville’s real estate expert!

The post July 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

June 2020 Louisville Real Estate Report Wednesday, Jul 8 2020 

Map of Louisville MLS Areas
Our charts are divided into our GLAR MLS areas. Click image to enlarge.

Are you ready for some good news? I bet you are! Well, after three straight months of lower home sales in Louisville, June bounces back in a strong way. Home sales actually surpassed last June’s number. (More on that below.) There continue to be several significant problems in the world of real estate but also a couple of reasons for optimism. Let’s dig into our June 2020 Louisville real estate report.

As we do every quarter, all of our MLS areas are fully-updated. This includes all of Jefferson County, and the four surrounding counties: Oldham, Shelby, Spencer, and Bullitt. Read on to learn more about how your home’s area performed.

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending June 2020

When we take all of Jefferson County home sales together, we see a fairly positive picture. Not great, mind you, but solid. Home sales actually surpassed the previous year for the first time since February, which was just two properties higher.

Home sales were at or above last year’s mark in almost all of the monthly MLS areas, except for Area 3. For the month of June, we saw a 3.4% increase in home sales in Jefferson County. That translates into 1,249 sales compared to 1,208. Not bad!

Prices dipped a bit from last month but not that far. The median home sale price for the month was $209,900. For the month of June 2019, that number was $201,588. That’s good for a 4.1% increase.

Now let’s look at how each of our monthly MLS area performed.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending June 2020 - MLS Area 2

After a disappointing May, home sales in June jumped higher! Prices didn’t move as high as we typically see them during the “selling season” but the value was fine.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending June 2020 - MLS Area 3

Here in Area 3, we didn’t see the same kind of increase but at least prices are climbing as expected.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending June 2020 - MLS Area 6

Area 6 mimics Are 2 with increased sales but dipping prices. For the year totals have been admirable when you remove what happened during May.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending June 2020 - MLS Area 7

Here we see some respectable results for our Jeffersontown MLS area with prices rising and sales just missing last year’s mark.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending June 2020 - MLS Area 8

Middletown and its surrounding parts saw a terrific performance for the month of June with both metrics.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending June 2020 - MLS Area 9

Finally, home prices are moving to where they should be in Area 9. This while sales were better than at any point back to July 2019.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending June 2020 - MLS Area 20

We see some much-improved numbers are on display in North Oldham with its median home sale value of $403,475 being an all-time high. Sales were far higher than last month just missing the last June’s number.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending June 2020 - MLS Area 21

Things are even better south of I-71 with the median price of $359,250 also being an all-time high and sales besting the previous year.

Louisville Real Estate Report: Quarterly MLS Areas

All of the Louisville Homes Blog quarterly MLS areas are now updated through the end of June 2020. Click the link below or, as always, in their normal spot under the House Reports tab above.

Are you saying, “What is my Louisville home is worth?” Reach out to me and we can schedule a visit. I’ll tour your property, complete a CMA, and give you a better report than most appraisers. And it’s all free, no strings attached. Work with Louisville’s real estate expert!

The post June 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

Louisville Housing Market Recovery Index Tuesday, Jun 23 2020 

Due to the restrictions that were mandated across the country, real estate has taken a major hit. Today Realtor.com has published its Housing Market Recovery Index to try and predict when the recovery may arrive. This is for the top 50 markets in the U.S. and is based off their data in these four areas:

  • 1. Housing Demand: based on realtor.com online search activity (10%)
  • 2. Housing Prices: based on median list prices (30%)
  • 3. Housing Supply: based on new listings (30%)
  • 4. Pace of Sales: based on median time on market (30%)

Here is their index for the Greater Louisville real estate market.

Greater Louisville Housing Market Recovery Index

As you can see it appears that as of the second week in June, we are fairly close to the projected recovery line.

It’s also interesting to note that during the first month covered in this chart, the Louisville real estate market performed quite well. It wasn’t until mid-March that the decline truly hit.

The May 2020 Louisville Real Estate Report is the most current report published on Louisville Homes Blog. Expect the June report to be published prior to July 10th.

If you’re interested, head over to the Housing Market Recovery Index page for more information on the Louisville market, and the other 49 markets covered in this index.

The post Louisville Housing Market Recovery Index appeared first on Louisville Homes Blog.

May 2020 Louisville Real Estate Report Tuesday, Jun 16 2020 

Map of Louisville MLS Areas
Our charts are divided into our GLAR MLS areas. Click image to enlarge.

Just as you might have guessed, the restrictions that have been set Governor Beshear has had a profound effect upon Louisville’s real estate market. As you’ll see in this month’s installment of the Louisville real estate report, these charts show a massive drop in home sales. However, each part of the city has not had similar results. But we’ll get to that in a moment.

All of the monthly MLS areas are now updated. We’ll start with Jefferson County for both changes in home sales and home prices. All of this data comes directly from our MLS database and is not screen-scraped like other websites. I then take this data and format it into the trailing 12-month charts you’ll see below. Now let’s start!

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending May 2020

Look at that! It may not seem as dramatic as you might guess but here are the numbers. During the month of May 2019, 1,228 homes were sold. That number was actually quite good when you look at it compared to the previous five years. The May just past, we only had 880 properties sold. That’s a 28.3% decline.

Let that sink in for a second.

More than a quarter of the real estate market activity that thousands of real estate professionals rely on for their livelihood disappeared. This comes with an already depleted amount of listings. And this while Louisville has it’s the largest number of real estate agents in years. The end result is greatly reduced income for the vast majority of agents, builders, appraisers, home inspectors, closing offices, contractors and the list goes on.

On the plus side, home prices are looking quite good. Current homeowners are certainly benefiting from the increased competition for fewer active listings.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending May 2020 - MLS Area 2

Last May was the strongest month for home sales in this MLS area so the drop we see isn’t as bad as it looks. At least May sold more homes than April given all the restrictions.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending May 2020 - MLS Area 3

We see pretty much the same thing happening here in Area 3. Prices have moved even higher which has finally pushed our trend-line above $280,000.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending May 2020 - MLS Area 6

Here’s a pretty drastic drop in home sales for Area 6. Fewer homes were sold in May than even March. Prices hold firm.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending May 2020 - MLS Area 7

Both April and May disappoint when it comes to home sales in our Jeffersontown MLS area. But at least we see home sale prices are rocketing higher!

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending May 2020 - MLS Area 8

Prices continue to remain very flat here while increasing in most of the city. Home sales are below both April and the previous May. Lack of inventory is playing a strong role across our city.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending May 2020 - MLS Area 9

I would like to see prices higher at this point of the year but higher price points haven’t moved a great deal outside Area 3. Home sales are down by more than 24% for both of the past two months.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending May 2020 - MLS Area 20

We see tremendous declines in Oldham County home sales compared to the previous year. Overall home prices are also in decline.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending May 2020 - MLS Area 21

Prices are better in South Oldham than in the North but look at that drop in home sales!? It’s almost half of what it was last year. Home builders are certainly taking a big hit.

Louisville Real Estate Report: Quarterly MLS Areas

As of today, all of the quarterly MLS areas have been updated with the most complete data. Check them out here or, as always, in their normal spot under the House Reports tab above.

Have you ever asked, “What is my Louisville home is worth? Contact me and we’ll schedule a visit. I’ll tour your property, complete a CMA and give you a better report than most appraisers. Just let me know if you’d like to take advantage of this free service!

The post May 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

April 2020 Louisville Real Estate Report Saturday, May 9 2020 

Map of Louisville MLS Areas
Our charts are divided into our GLAR MLS areas. Click image to enlarge.

No topic has dominated the media like the Covid-19 pandemic. Literally, in all of history. So how has the coronavirus and all the mandatory shutdowns affected the Louisville real estate market? As you’ll see, it’s a fairly substantial result!

In this month’s report, I’ve updated all of our monthly MLS areas, as well as, Jefferson County as a whole. Both the median home price charts and the number of the home’s sold charts for each area are live with up to the moment data. Let’s dig right in!

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending April 2020

During March, sales did dip just a bit when compared to the previous year. But during April, this drop is now much more pronounced.

Last April, 1,018 homes were sold in Jefferson County. This year, that number dropped by 13.4 percent! There were only 882 transactions for the month. Not only was this lower by a significant amount compared to last year, but it even less than March’s total.

Looking at sale prices for homes that traded hands in April, the numbers aren’t so grim. The median home price for sales in April was $192,500. This was a decrease of $2,500 from the previous month. But it was a 7.5 percent increase year-over-year. So, there’s some positive news!

The overall activity has definitely decreased and will likely continue into the Summer months.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending April 2020 - MLS Area 2

Homes sold during the month of April were exactly the same as last year. But we see that prices haven’t returned to their on-season levels.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending April 2020 - MLS Area 3

Here in Area 3—St. Matthews—home prices are improving. But sales continue to lag behind the previous year for the fourth straight month.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending April 2020 - MLS Area 6

After a very strong March for prices, April returned to the trend-line. Sales during April were again behind last year’s numbers.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending April 2020 - MLS Area 7

The increase in sale prices is truly impressive. Check out that trend! But home sales dropped big time in April after a solid March.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending April 2020 - MLS Area 8

Fairly solid real estate month for Area 8 with sales matching the previous year two straight months and a bump for prices.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending April 2020 - MLS Area 9

Home sale prices fail to improve here in Area 9 pushing the trend flat. This along with a giant slide for sales is not the best.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending April 2020 - MLS Area 20

Let’s start with the good news, home sales in North Oldham county are on the upswing! Now the bad… prices continue to drop.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending April 2020 - MLS Area 21

It looks like some of what North Oldham is doing has rubbed off on South Oldham. Very similar results for the month of April.

Louisville Real Estate Report: Quarterly MLS Areas

As of today, all of the quarterly MLS areas have been updated with the most complete data. Check them out here or, as always, in their normal spot under the House Reports tab above.

Have you ever asked, “What is my Louisville home is worth? Contact me and we’ll schedule a visit. I’ll tour your property, complete a CMA and give you a better report than most appraisers. Just let me know if you’d like to take advantage of this free service!

The post April 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

March 2020 Louisville Real Estate Report Tuesday, Apr 7 2020 

Map of Louisville MLS Areas
Our charts are divided into our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to enlarge and see where your Louisville home is located.

March is behind us. April is upon us with the coronavirus being the big story of the year. How has this affected Louisville real estate? Let’s find out!

I’ve just updated all of the Louisville’s MLS areas through March. Don’t forget! You can always check out this information via the Housing Reports tab in our navigation. This is solid analysis that you can’t find anywhere else, and it’s all free!

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending March 2020

What a crazy month! The coronavirus is all over the news and many businesses have been told to close their doors by State and National officials. So far, this hasn’t greatly affected real estate here in Louisville, Kentucky. But it certainly will, at least in the short term.

The median home price for sales in March was $194,000. This is an increase of over $182,250 for February. When comparing this number with last year’s March, we see an 11.3% increase. That’s huge!

Looking at home sales for the Louisville real estate market, there were 916 homes sold in March. This is a 4.2% decline year-over-year. Things are definitely slowing down.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending March 2020 - MLS Area 2

Prices improve in this MLS, unlike several across the city as home sales are just about on pace with last year.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending March 2020 - MLS Area 3

Prices doing better, as you would expect this time of year, while sales jump after a slow February.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending March 2020 - MLS Area 6

Big month for home sale prices. Check out that spike! Sales lag behind the previous year but not too badly.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending March 2020 - MLS Area 7

Fairly strong month for real estate in Jeffersontown and the rest of this MLS area with both metrics performing well.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending March 2020 - MLS Area 8

Home sales in Area 8 did quite well in March but if you look at prices over the past 12 months, they remain very flat.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending March 2020 - MLS Area 9

Prices are improving after the off-season dip. Sales actually surpassed the previous year.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending March 2020 - MLS Area 20

Home sale prices aren’t increasing, similar to Area 8. Sales beat February but fall far short of last year’s anomaly.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending March 2020 - MLS Area 21

Things look better in this part of Oldham County. Prices are fairly level and home sales are growing during March.

Louisville Real Estate Report: Quarterly MLS Areas

As of today, all of the quarterly MLS areas have been updated with the most complete data. Check them out here or, as always, in their normal spot under the House Reports tab above.

Have you ever asked, “What is my Louisville home is worth? Contact me and we’ll schedule a visit. I’ll tour your property, complete a CMA and give you a better report than most appraisers. Just let me know if you’d like to take advantage of this free service!

The post March 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

February 2020 Louisville Real Estate Report Monday, Mar 9 2020 

Map of Louisville MLS Areas
Our charts are divided into our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to enlarge and see where your Louisville home is located.

February is now in the books. What happened in the world of Louisville real estate? You’ve come to the right place! No other site in the city covers this local data like Louisville Homes Blog.

Each of our monthly MLS areas is now updated. You can either view them here or, as always, via the Housing Reports tab in our navigation.

  • MLS Area 2: The Highlands
  • MLS Area 3: St. Matthews
  • MLS Area 6: Okolona
  • MLS Area 7: Jeffersontown
  • MLS Area 8: Middletown
  • MLS Area 9: Prospect
  • MLS Area 20: North Oldham County
  • MLS Area 21: South Oldham County

Once March is finished, I will be updating our quarterly MLS areas. So let’s jump right in!

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending February 2020

Talk about a close race! Home sales in Jefferson County were almost a dead heat. Last year during February, there were 734 properties sold. This year, that number inches higher to 736. Not bad, not good really. Since last September, home sales have almost mirrored the previous year.

After a drastic drop in January, February improved a bit. The median home price that sold during the month was $182,250 up from $175,450 last February.

I expect to see further growth as the weather warms, but not across all the price tiers. There’s a very strong emphasis on the lower end of the Louisville real estate market.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending February 2020 - MLS Area 2

Not the best month for Area 2 with prices floundering. Things will need to improve in the near-term otherwise our trend-line will start moving lower.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending February 2020 - MLS Area 3

We flip the script in Area 3. Home sale prices are absolutely no problem even at this higher price point but sales continue to lag for the second month in a row.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending February 202 - MLS Area 6

Look at those home sales! Lower-priced homes are in great demand and that’s what Area 6 has. Prices are lower here in the off-season but I fully expect that to change as we head into Spring.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending February 2020 - MLS Area 7

Area 7 is looking better and better. After a down month in January, February bounces back with a “win” over the previous year. This while home sale prices are moving up.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending February 2020 - MLS Area 8

Stronger January then February gives it back. Prices drop as they should have been doing all Winter. Very strange!

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending February 2020 - MLS Area 9

Home sales came up a bit short of the previous year for the month of February. Prices improve slightly but still have some work to do.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending February 2020 - MLS Area 20

The median home price fell so sharply for this area in February, I had to recreate my chart’s vertical axis. This up and down is pretty extreme but remember the much lower sample size for both of these Oldham County MLS areas.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending February 2020 - MLS Area 21

Here we see a much better picture. Sales increasing and the trend-line pointing higher.

Louisville Real Estate Report: Quarterly MLS Areas

All of our quarterly MLS areas are updated through the end of the year. Find the links below, or in their normal spot under the House Reports tab in the nav.

Have you ever asked, “What is my Louisville home is worth? Contact me and we’ll schedule a visit. I’ll tour your property, complete a CMA and give you a better report than most appraisers. Just let me know if you’d like to take advantage of this free service!

The post February 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

January 2020 Louisville Real Estate Report Thursday, Feb 6 2020 

Map of Louisville MLS Areas
Our charts are divided into our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to enlarge and see where your Louisville home is located.

Welcome to 2020! This is our first Louisville real estate report of the year. Jump right in and don’t look back. If I can help you with any of your real estate needs, please contact me.

We will be following the same routine that I began back in 2007. This means that for the following MLS areas, we’ll update the data every month:

  • MLS Area 2: The Highlands
  • MLS Area 3: St. Matthews
  • MLS Area 6: Okolona
  • MLS Area 7: Jeffersontown
  • MLS Area 8: Middletown
  • MLS Area 9: Prospect
  • MLS Area 20: North Oldham County
  • MLS Area 21: South Oldham County

The remaining MLS areas we’ll update each quarter. The links to our completely free Housing Reports can be found in the header on every page. It’s my goal to make sure that Louisville Homes Blog is the leading real estate blog in the city. And I believe that we have achieved that goal!

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending January 2020

Looking at our charts for January, our sales activity looks to be right on pace with the previous year. This year for the month 661 homes were sold compared to 671 for 2019. That’s a very slight 1.49% decline.

But the picture changes drastically when we see the prices. Wow! The median home sales price last January was $175,000. This year it’s even lower at just $173,000 which is never a good sign for the market.

Still, that’s just a single data point. Plus, the trend-line has shown some dramatic growth for the past few years.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending January 2020 - MLS Area 2

Not the best month for Area 2 in terms of performance but not terrible either. Both metrics are lower as you’d expect in the off-season.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending January 2020 - MLS Area 3

Area 3 performed much better on prices at a time when home sale prices are generally lower. Home sales did disappoint for the month of January.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending January 202 - MLS Area 6

Fairly good numbers here in Area 6 with sales being an exact match for the previous year. Prices hold steady.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending January 2020 - MLS Area 7

Home sale prices also hold steady here in our Jeffersontown MLS area while sales activity drops to its lowest point in years.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending January 2020 - MLS Area 8

For some reason, Middletown didn’t get the memo. While all the other parts of our monthly research saw declines in January, Area 8 flipped the script and went the other way.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending January 2020 - MLS Area 9

The median sales price was the lowest for several years. It will be interesting to see if that keeps up in February. The number of homes sold did beat out the previous year.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending January 2020 - MLS Area 20

Fairly predictable results for our North Oldham region with prices a bit higher than expected.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending January 2020 - MLS Area 21

Sales activity dwindled in January to under 20 units. Prices are moving higher, which is a good sign.

Louisville Real Estate Report: Quarterly MLS Areas

All of our quarterly MLS areas are updated through the end of the year. Find the links below, or in their normal spot under the House Reports tab in the nav.

Would you like to know what your Louisville home is worth? Contact me and we’ll schedule a visit. I’ll tour your property, complete a CMA and give you a better report than most appraisers. Just let me know if you’d like to take advantage of this free service!

The post January 2020 Louisville Real Estate Report appeared first on Louisville Homes Blog.

December 2019 Louisville Real Estate Report Tuesday, Jan 7 2020 

This is our final Louisville real estate report of the year. I sincerely hope you enjoy all this great, free content!

Map of Louisville MLS Areas
Our charts are divided into our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to enlarge and see where your Louisville home is located.

With the final month in the books, we can see where 2019 stacks up with the competition. But that’s for a different article.

In this post, we’ll cover all the monthly MLS areas like we normally and provide links to all the rest that are updated each quarter… which means now!

As we head into 2020, please let me know what you think of Louisville Homes Blog—good, bad or even ideas about topics we haven’t covered. I truly want you to have everything you might want when it comes to Louisville real estate. Here’s the link to Contact Tre Pryor. Looking forward to hearing from you!

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending December 2019

Looks like December rebounded in a big way. Home sales for the month just barely missed matching last year. 867 homes were sold during the month compared to 892 the previous year for a 2.8% decline. Not bad.

When we take a look at prices we see a decent jump. While the median home sale price in November was $180,000, one month later that number is $189,900 good for an almost 10k increase.

Now let’s check out home real estate performed in your home’s area.

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending December 2019 - MLS Area 2

A massive drop in sales from November to December but sales outpaced the previous year.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending December 2019 - MLS Area 3

Strong month for homes in Area 3 with both metrics improved in December. The overall trend-line for values is only slightly up from a year ago.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending December 2019 - MLS Area 6

We see a similar situation here in Area 6 with both charted values improved for the month. As long as inventory can hold out, sales will continue to grow.

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending December 2019 - MLS Area 7

These are fairly strong numbers here in Area 7 as well. Home sales were higher than last year and the median home sale price inched higher.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending December 2019 - MLS Area 8

Even though the trend-line for Area 8 is quite flat, a strong showing this winter could help change that. Sales were on par with the previous year.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending December 2019 - MLS Area 9

Home sales were a dead heat in December while prices moved a bit higher.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending December 2019 - MLS Area 20

Craziest chart for the month of December is this one! I can’t really explain the incredible drop in sale prices except to think new construction homes are only selling at the low end of the price spectrum.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending December 2019 - MLS Area 21

After a dip in October and November, home prices in December move higher. Sales dip after five straight months of winning.

Louisville Real Estate Report: Quarterly MLS Areas

All of our quarterly MLS areas are updated through the end of the year. Find the links below, or in their normal spot under the House Reports tab in the nav.

Are you curious about what your Louisville home is currently worth? Contact me and we’ll schedule a visit. It’s completely free and I’m always happy to help!

The post December 2019 Louisville Real Estate Report appeared first on Louisville Homes Blog.

November 2019 Louisville Real Estate Report Friday, Dec 6 2019 

Welcome! Here is our November installment of the Louisville real estate report. There is no better, local and free report for Louisville, Kentucky anywhere on the Internet. And it’s all for you!

Map of Louisville MLS Areas
Our charts are divided into our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to enlarge and see where your Louisville home is located.

I don’t have a lot of time for this section of the report because, hey, it’s Christmas and there is so, SO much to do. So, I’ll just hit the highlights.

We won’t be breaking any records in 2019. That’s just where we are. 2017 was our high water mark year. But when you compare the two, we’re not down that much. In truth, we’re only 500 units less this time around. Plus! There are still positive signs to be seen on our real estate market, particularly new construction which continues to pick up speed.

If there’s ever anything you need, please don’t hesitate to shoot me an email and I will do my very best to answer your questions.

Jefferson County Housing Market Report

Louisville home sales chart and Louisville home prices chart for Jefferson County for the 12 months ending November 2019

Believe it or not, we’ve just had our second straight month where home sales beat the previous year. In November, there are currently reported 934 sold homes for the month. That’s up 5.54% over the previous year. Not bad, not bad at all.

When we turn our attention to home sale prices, we see what we expect to see this time of year—prices coming back down. Compared to October, prices are lower. But when you compare to the median price of homes sold last November, $177,000, we’re seeing a value this year of $180,00. That’s only good for a 1.7% gain. Then, compare trend-line values for the same month and this difference rockets up to a 5.8% gain!

Louisville MLS Areas with Monthly Reports

Home sales chart and home prices chart for Highlands neighborhood in Louisville Kentucky for the 12 months ending November 2019 - MLS Area 2

A fairly good month for Area 2 as sales just barely missed matching last year’s total. Prices actually moved higher at a time when they should be coming down.

Home sales chart and home prices chart for St. Matthews neighborhood in Louisville Kentucky for the 12 months ending November 2019 - MLS Area 3

This is what we typically see as we head into the Holidays. Last year’s sales totals were strangely high. After a bump in October, prices are moving lower in November.

Home sales chart and home prices chart for Okolona neighborhood in Louisville Kentucky for the 12 months ending November 2019 - MLS Area 6

Another strong month for home sales in Louisville’s MLS Area 6. That’s the 4th month this year that has surpassed last year’s monthly total in units. Prices are finally coming down as they can’t keep up that kind of growth forever, now can they?

Home sales chart and home prices chart for Jeffersontown neighborhood in Louisville Kentucky for the 12 months ending November 2019 - MLS Area 7

This is a pretty typical month for both metrics here in Area 7. Expect prices to move lower over the next couple of months.

Home sales chart and home prices chart for Middletown neighborhood in Louisville Kentucky for the 12 months ending November 2019 - MLS Area 8

It’s strange to see prices jump like this in November even with close to a 100 units sold for the month. Overall price levels continue to remain flat.

Home sales chart and home prices chart for Prospect neighborhood in Louisville Kentucky for the 12 months ending November 2019 - MLS Area 9

Prices down, as expected. But home sales are up over the previous year, even after a strong October.

Home sales chart and home prices chart for North Oldham County Kentucky for the 12 months ending November 2019 - MLS Area 20

Far fewer homes are sold in just half of Oldham County so some price volatility should be expected, but it’s still interesting to see it happen.

Home sales chart and home prices chart for South Oldham County Kentucky for the 12 months ending November 2019 - MLS Area 21

The South portion of Oldham County, Area 21, conforms to the more typically seen model of prices coming down over the winter along with the number of units sold.

Louisville Real Estate Report: Quarterly MLS Areas

For this month’s Louisville Real Estate Report, our quarterly areas are now completed through September. These are linked below. And you can always find them in the drop-down menu at the top of each page.

If you want to know “What is my Louisville home worth?” Please contact me. I’m always happy to help!

The post November 2019 Louisville Real Estate Report appeared first on Louisville Homes Blog.

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