Louisville Market Watch

Louisville Housing Market Reports for February 2012

mls_areas_mapWe saw a few huge improvements in home sales during February 2012, most notably Areas 2 & 3. Transactions are on the upswing! That’s music to many home seller’s ears.

The counter is that many are further reducing their home’s asking price to make these deals happen. We can see it in the change in average home sold values compared to 12 months ago. Even still, this does appear to be a positive situation for the Louisville housing market.

Note: Below you’ll find our monthly reports for the following Louisville housing markets. These charts display Louisville home sales and Louisville median home values with a trend-line. This Louisville real estate area map defines the MLS areas.

Monthly Reports: Period Ending February 2012

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending February 2012.
Huge months for Area 2 in home sales, with 61 homes sold in February compared to the previous year’s 34. Unfortunately, home prices have continued to drop bringing the 1-year trend line about $13,000 lower than this time last year.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending February 2012.
Like MLS Area 2, Louisville’s Area 3 saw a big jump in homes sold while home prices dropped a bit. From 29 homes sold last February, to 51 this February; that’s big! You have to go back to September to find a month where more homes were sold.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending February 2012.
Big jump in homes sold in Area 6 from the previous year and prices move up slightly. For an area that’s seen home prices all over the board, it’s difficult to predict where they might go next.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending February 2012.
Ten more homes were sold this February than last and home prices have most likely leveled out, after an average $8,000 drop from the previous year. Still a great deal of room for improvement.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending February 2012.
After a stellar month in January, home sales in February have dropped off for Area 8. But unlike other areas, home prices have held steady, if not slight improved the trend.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending February 2012.
For the third straight months home sales are up in Area 9, with a 65% increase over the previous February. Home prices continue to disappoint but that could change as we enter the real estate selling season.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending February 2012.
Area 20 saw 20 homes sold in February, just like last year. Homes are also holding their value better than many areas in Louisville.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending February 2015.
Whenever the number of homes sold is lower, the average of homes sold can vary greatly. Just look at chart above, where the average in January was $145,000 but jumped to $224,300 the following month. Homes sold fell 2 short of the previous February.

That’s it for this month! Please check back next month for more Louisville home sales charts.

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About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
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