Louisville Market Watch

Louisville Real Estate Reports for February 2014 – Charts

mls_areas_mapWelcome to Louisville real estate reports for February 2014!

For the most part, February has been disappointing. Many thought we could ride the success of late 2013 into the new year but thus far we’ve trailed behind in Louisville home sales.

The weather has played a strong role to be sure. Therefore, it’s possible for things to re-balance once Spring truly arrives and people feel better about leaving their homes.

Prices being down during the Winter months is a seasonality phenomenon and is not unexpected. Overall, the trend-line is higher than at this point last year.

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

Louisville Real Estate Reports (period ending February 2014)

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending February 2014.
Not the best month for Area 2 as both sales declined along with home prices. As the weather improves both should as well. But we’ll have to see if 2014 can make up the ground it lost on 2013.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending February 2014.
Sales were about on par with last February but the big news in Area 3 is that home values leaped, especially compared to the down month before.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending February 2014.
A better performing month for Area 6 as prices moved higher and sales beat the previous year month over month.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending February 2014.
Not bad month per se but we’re still looking for better things from this part of Louisville where there is so much potential. Prices rebounded as sales just missed last year’s mark.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending February 2014.
Area 8 performed about the same in February as it did in January with sales just ahead of last year and prices roughly on the trend-line.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending February 2014.
Very poor month for Area 9 as inventory keeps declining so there are not enough homes available for sale… and it shows. Home prices also took a hit in February.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending February 2014.
You could look at it look Area 20 is “holding steady” or “is keeping its head above water.” Neither is especially inspiring. Sales did beat January at least.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending February 2014.
Another down month for this area as both metrics came in under goals. Prices down, sales down… nowhere to go but up?

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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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