Louisville Housing Market Reports for August 2010

August is another under-performing month, while not quite as poorly as July. Certain areas saw home values increase but almost all saw a decrease in homes sold except for Areas 2 & 9. There may be some make-up activity in September but expect things to continue in this manner until consumer confidence rebounds.

Monthly Reports

• Area 2: Butchertown/Highlands/Germantown
  Sales inch higher than ’09 as values drop in August.
• Area 3: Clifton/Crescent Hill/St. Matthews
  Transactions continue to drop as home prices also trend downward.
• Area 6: Buechel/Highview/Okolona/Fern Creek
  Both home prices and sales continue their slide in this area.
• Area 7: Jeffersontown/Fern Creek/Hikes Point
  Home values inch upwards as sale numbers are flat.
• Area 8: Middletown/Hurstbourne/Douglass Hills/Anchorage
  Prices above trend line for second month but sales are down.
• Area 9: Prospect/Anchorage/Glenview/Lyndon
  Both values and sales are up in this area over previous year.
• Area 20: Oldham County N-I71
  Sales up over July but trail previous year. Prices continue to bounce.
• Area 21: Oldham County S-I71
  Values drop as transactions continue to live below last year’s numbers.