Louisville Market Watch

Louisville Real Estate Update: April 2017

April was a down month for most of our monthly MLS areas, in terms of sales activity. For several of them, they couldn’t beat March’s totals. Lots of rain was certainly a factor. What’s the saying, “April showers bring May flowers”? Hopefully, it will also bring May sellers!

Map of Louisville MLS Areas

We have charts for each of the GLAR MLS areas. Some are monthly, the rest quarterly. Click the map to enlarge and see where your home is located.

Our strongest performer in terms of home sales for the month was Area 6, which contains these neighborhoods:

  • Okolona
  • Newburg
  • Highview
  • Fern Creek
  • Buechel
  • Cooper Farms

Prices rebounded in almost all of our areas surveyed except MLS Areas 7 & 8 which still maintain a strong trend-line.

Looking to sell your home and make a move? I’m offering some strong incentives to Louisville home sellers if you contact me quickly.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending April 2017

About par for the course here in MLS Area 2 that reflects what happened, for the most part, in the city of Louisville as a whole. Higher prices combined with fewer sales.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending April 2017

Ditto for Area 3. (see above)

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending April 2017

Area 6 outperformed other areas in our city during April with increased sales at the same time prices were moving higher. Strong month here.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending April 2017

Here we see Area 7 had the reduced sales similar to other areas but without the increase in selling prices. Still… that trend-line has been pretty steep of late.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending April 2017

Didn’t expect prices to fall that much. Poor performance here in Area 8 while most of Louisville is seeing prices move much higher.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending April 2017

Prices rebounded a bit but will move higher in coming months to be sure. Sales tapered for the month of April.

Louisville Real Estate Update charts for North Oldham County MLS area 20 for the 12 month period ending April 2017

Finally a big push in Oldham County home prices but at the expense of sales activity which was quite low for the month.

Louisville Real Estate Update charts for South Oldham County MLS area 21 for the 12 month period ending April 2017

Big month for prices here in MLS Area 21. Also, sales came close to matching the previous year.

 


Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q4 of 2016.

All Jefferson County

Louisville Real Estate Update charts for Jefferson County KY MLS area 30 for the 12 month period ending April 2017

Bit of a down month for April as sales couldn’t compete with the March, much less last April. Prices did rebound for the most part across the city, as we would expect heading into Spring.

Look for prices to continue to move higher in May and, hopefully, a good number of new listings which is what we desperately need.

Want to know what your Louisville home is worth, contact me. I’m always happy to help!

Tre Pryor is the recognized real estate expert in Louisville. Contact Mr. Pryor to see if he currently has availability to serve your real estate needs.
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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!