Louisville Market Watch

Louisville Real Estate Update: February 2017

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of January 2017. 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 (March 2016 – February 2017)

Not stellar but very strong month for Louisville real estate considering our almost complete lack of housing inventory. Almost matched last year’s record numbers with very little in the cupboard.

 

A few areas saw prices decline but that’s somewhat normal in Winter months. Expect those to rebound further in March.

If you have a question about the value of your home, I’m always happy to help. Contact me directly and I’ll come out and meet you, view your property then give you the true market value of your home. No strings attached.

Louisville Real Estate Update charts for Highlands MLS area 2 for the 12 month period ending February 2017
February was not kind to Area 2 with both metrics falling steeply. Prices do tend to decline during the Winter and last February was unusually strong so maybe it’s not as bad as it looks.

Louisville Real Estate Update charts for St. Matthews MLS area 3 for the 12 month period ending February 2017
Area 3 does fairly well this month as higher priced homes didn’t take the hit that the super low have, which helps this MLS area. Price trend just keeps moving up.

Louisville Real Estate Update charts for Okolona MLS area 6 for the 12 month period ending February 2017
If they had more homes available to sell, this area would sell them. Prices are struggling to keep pace.

Louisville Real Estate Update charts for Jeffersontown MLS area 7 for the 12 month period ending February 2017
Looks at that price trend line! Price just continue to rise and sales are on pace with last year’s record.

Louisville Real Estate Update charts for Jeffersontown MLS area 8 for the 12 month period ending February 2017
Very strong month for Area 8 with both metrics performing well in February.

Louisville Real Estate Update charts for Prospect MLS area 9 for the 12 month period ending February 2017
Similar to Area 2, we see some major price correction here even as sales continue their 4th straight month of beating the previous year.

Louisville Real Estate Update charts for North Oldham County MLS area 20 for the 12 month period ending February 2017
Oldham County home sales really have a great deal of potential, especially if there were some sub $300k options available to buyers. Maybe with land prices developers just can’t make the numbers work.

Louisville Real Estate Update charts for South Oldham County MLS area 21 for the 12 month period ending February 2017
About time prices move higher here in South Oldham but it comes at the expense of even lower sales. Just 20 unites in an entire month is not going to win any awards.


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 February 2017

Not the best month for sales activity but not horrible either. Prices are moving lower but I expect they will rebound in March and start climbing yet again.

Selling your home in 2017 will not be very difficult unless it’s a total fixer. There are still lots of buyers looking to make a move. If you would like to know what your home is worth, please 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!