Louisville Market Watch

Louisville Real Estate Update: December 2016

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of December 2016. This monthly post includes Louisville home sales numbers along with price data divided up by our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to see where your Louisville home is located.

Louisville Real Estate Update (January 2016 – December 2016)

December wasn’t nearly as busy as the months leading up to it but nevertheless, 2016 is now in the books as the top year for Louisville real estate on record. Give yourselves a hand!

All the Jefferson County MLS areas in our monthly real estate update performed extremely well in 2016. Especially Area 7 which deserves more than one gold star for it’s ridiculous price improvements and home sales activity.

Oldham County did not perform so well, which can partially be attributed to a downsizing of new construction homes.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending December 2016.
After a very strong November, Area 2 (Highlands, Germantown, Butchertown and the surrounding areas) dipped just a bit. But all in all it was a positive year for this area in both activity and price improvements.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending December 2016.
Our St. Matthews area came back to earth in December. But like Area 2, it was a positive year for both of our charted metrics in 2016. Prices went up then down then up but the trend is much higher than one year ago.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending December 2016.
Louisville MLS Area 6 (Highview, Okolona, Fern Creek) picked up speed as the year went on, especially as it pertains to home sale prices which moved much higher from August to year-end.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending December 2016
Most certainly our leader for home price appreciation is this one, check out that one year trend!? This while sales were up. Definitely a great year for Jeffersontown real estate.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending December 2016
2016 was a positive year for Area 8 (Middletown, Douglass Hills, Anchorage) but not nearly in so dramatic fashion. Sales tailed off, as did prices which is expected come December.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending December 2016
November and December had solid sales numbers here in Area 9 (Prospect, Anchorage, Lyndon) and home sale prices remained up. Trend didn’t grow that much over the year but still strong.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending December 2016
2016 was not kind to Oldham County real estate. North of 71 fared worse with all home sale prices actually dropping over the course of the year. Sales activity was also down compared to the previous year.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending December 2016
South Oldham didn’t perform as poorly as North Oldham but it wasn’t the best of years here either. Overall, sales were just 25 units above 2015.


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

Charts of Louisville home sales and Louisville home prices for Jefferson County KY MLS area 30 for the 12 month period ending December 2016

It was an incredible year for Louisville real estate. This chart covers only Jefferson County but includes all the MLS areas, both the ones we cover monthly and quarterly here at Louisville Homes Blog.

The one year trend value for December 2016 was $160,971. This is 7.1% higher than 12 months earlier. This is astounding considering our typical annual appreciation is closer to 4%. 

Using the charts above we can see where most of these gains came from. It’s clear that homes between $150,000 and $200,000 are in high demand.

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!