Louisville Market Watch

Louisville Real Estate Reports by MLS Area: December 2012

mls_areas_mapDecember finishes up a much stronger year for Louisville real estate. We’ll be publishing a more thorough year in review article in the coming weeks but it’s safe to say that 2012 surpassed the previous three years in total homes sold.

Experts are predicting further improvement over the course of 2013.

Home values should certain begin to regain their values that were lost during the worst housing recession in American history.

Do you have any questions about Louisville Real Estate? I’d love to help. And as always, thank you for visiting LouisvilleHomesBlog.com!

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.

Monthly Reports: Period Ending December 2012

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending December 2012.
Home prices improved to be best in past 12 months, while trend line still remains flat for this Louisville MLS area. Home sales beat previous year handily.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending December 2012.
Area 3 in Louisville continues to see its real estate values decline on the trend but things could be turning around as we head into the new year. Home sales for this area fell just short of the previous year’s total for December.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending December 2012.
Home values for this Louisville area appear to be moving lower but don’t be surprised if that starts to change in 2013. A data anomaly occurred with a huge November followed by a weaker December, barely beating out the previous year. This happens all the time with small data sets but 100 homes were sold, so it’s perplexing.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending December 2012.
Home prices in this Louisville area are moving higher the beginning of last year. Look for that trend to continue. Home sales are also healthy and finished the year strong.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending December 2012.
Similar to Area 7, this area saw a year of improvement in both home values and home sales. Activity beat the previous year in all but 1 month.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending December 2012.
Home values were steady for the year and haven’t begun their return to 2007 levels as of yet. The new year should see them improve, as it will for most Louisville homes. Sales couldn’t better the previous year’s mark but it was a strong year in total.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending December 2012.
Definitely the worst area for home prices in the Greater Louisville area in 2012. Some has to be attributed to new construction of smaller, less expensive homes but it’s still concerning. Sales, however, have been improved and and especially strong December is encouraging.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending December 2012.
Just a slight increase in home values for the month but home sales activity in this portion of Oldham County wasn’t able to surpass the previous year for the second straight month.

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About the author

Tre Pryor, Editor-in-Chief

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