Louisville Market Watch

Louisville Real Estate Update: August 2017

You’ve found the August 2017 Louisville Real Estate Update. The sales just keep on coming!

Even though housing inventory remains at historical lows, buyers are still buying. And since that’s the case, the this increased competition means higher sale prices.

Map of Louisville MLS Areas

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

The areas that performed the strongest in August were:

No area performed badly, per se, but some couldn’t keep pace with last year’s sales mark. Even still, the market is moving higher. Jump on board or be left behind!

If you are considering a home sale, I will extend commission rebate for one more month for certain customers. Call and find out if this could be you!

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

Sales dipped a bit in August for Area 2 as prices are starting to settle down heading into the Fall.

 

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

Overall, check out this price progression for Area 3 in 2017! It’s been steeply moving higher. Has St. Matthews ever been more in demand? Didn’t really affect sales in August either.

 

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

Strong month for Area 6 as well. These lower priced homes are being gobbled up. This while prices continue to move higher at a steady clip.

 

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

Prices came back to Earth after a stellar June and July for prices. We see that sales were the highest they’ve been in August. Records just keep getting broken.

 

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

A fairly good month here in Area 8 even as sales dip a bit. Prices don’t have a lot of room to move higher apparently.

 

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

Home sale prices move lower in August for Area 9. Sales for the year are still out of this world. Clearly, buyer deman is there even though many sellers are staying put.

 

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

Similar to last month, sales were solid and prices are higher here in North Oldham.

 

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

Prices move higher in August after a very strong July. Now we see the trend-line start to turn higher.

 


I’ve just updated all of our quarter MLS areas through Q2 of 2017. This means our Louisville real estate update reports are completely up-to-date. Here are the direct links.

All Jefferson County

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

Honestly, I didn’t see this coming. Sooner or later the sales activity is going to have to slow down. Homes for sale are still at historically low levels but that’s not stopping Louisville buyers!

Prices have moved lower after a strong Summer. I would expect this to continue into September and Fall. With rates still quite low, the only thing hindering a strong market is inventory. We’ll see if this starts to turn but not likely until Spring 2018.

Would you like to know what your home is worth? I’m always happy to help, please just contact me via the link below.

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!