Both Oldham County areas, along with Areas 8 & 9 saw disappointing results. A portion of which can be attributed to previous success but not quite all. Look for better gains going forward.
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Louisville Real Estate Reports (period ending May 2013)
Incremental gain in home sales for Area 2, very much last the previous month. But unlike the previous month, home prices here took a hit, this while the rest of Louisville real estate areas are seeing increases. Not a good month.
The upward trend in home values has appeared to level off while still being healthy. Louisville home sales in this area are another story: one of great success! 172 homes were sold in this area during the month, compared to just 130 for last May.
Area 8 is not seeing the major improvement of home values that we find in other areas, at least not yet. Also home sales are somewhat sluggish. Could this be a sign that more of the high end buyers are choosing Areas 3 & 9 over this one?
Solid boost in home values up to a media of $223,000 for the month! A couple more months like this and the trend-line will start to lever. Home sales were also good but not great, especially compared to last month’s strong showing.