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!
Our strongest performer in terms of home sales for the month was Area 6, which contains these neighborhoods:
- Fern Creek
- Cooper Farms
Prices rebounded in almost all of our areas surveyed except MLS Areas 7 & 8 which still maintain a strong trend-line.
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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.
Ditto for Area 3. (see above)
Area 6 outperformed other areas in our city during April with increased sales at the same time prices were moving higher. Strong month here.
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.
Didn’t expect prices to fall that much. Poor performance here in Area 8 while most of Louisville is seeing prices move much higher.
Prices rebounded a bit but will move higher in coming months to be sure. Sales tapered for the month of April.
Finally a big push in Oldham County home prices but at the expense of sales activity which was quite low for the month.
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.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes
All Jefferson County
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!