Louisville Market Watch

Louisville Real Estate Reports for February 2013 – Charts

mls_areas_mapMost areas in this month’s Louisville real estate reports are holding steady with previous levels, waiting to see what happens in the new year.

Sales were up in 4 of the 7 profiled areas, while home prices held mostly steady, except for the large drop in Area 2 (see below).

February is traditionally an under-performing time period as home buyers and sellers are just now starting to think about the Spring selling period. After next month, we’ll have a better feel whether 2013 will be a repeat of 2012 or something more.

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 2013)

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending February 2013.
Not a good month for Louisville Area 2, as home sales have stalled and the median sold price dropped to the lowest amount since last February. The trendline continues to move higher so let’s hold off a couple of months before we discount this area too much.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending February 2013.
Last February, 51 homes were sold in this area. This year? Just 45. The weather hasn’t been that great but it also hasn’t been terrible and with the other factors staying quite favorable, it’s tough to like what’s happening here. The good news is that home prices are still up.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending February 2013.
This area performed a bit better than the first two in the sales category improving over last year’s number by 3 homes. Home prices here are well below the trendline but February has traditionally been a poor performing month in Louisville real estate.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending February 2013.
Not the best month for home sales in Area 7 with just 71 homes sold during the month. Keep in mind this is a fairly large geographic area with a large number of units. Prices are more inspiring but just barely, as the monthly data point dips before the 1-year trend line.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending February 2013.
This February has this area basically in a holding pattern. Prices remain largely unchanged and home sales are in almost a dead-heat with the previous year. March will tell us much more about where 2013 will ultimately go.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending February 2013.
Area 9 is one of the stronger performers for the month with both home prices up and the number of homes sold better than the previous year by 12 units for a 20% gain. Looking month to month is fairly short-sighted but it’s fun, like watching the score of a basketball game bounce up and down.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending February 2013.
After a couple of stellar months, Area 20 has come back to earth. Home sales were actually 4 units behind the previous year and home prices are holding steady, almost exactly on top of the trend.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending February 2013.
Home sales in this area weren’t superior, like January, but were still quite solid. Prices are holding steady in this transitional period.

House icon Thank you for visiting our Louisville real estate monthly reports! If there’s anything I can do to help you, please contact me.
We would love you to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInDigg thisEmail this to someonePin on Pinterest

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!