Louisville Market Watch

Louisville Real Estate Update: January 2018

Welcome to our first Louisville real estate update of the new year. The numbers for January are in and we’ve completed all of our charts for monthly MLS areas.

Map of Louisville MLS Areas

These charts are for each of the GLAR MLS areas. We publish 8 monthly and 7 quarterly reports. Click to enlarge the map.

These charts are great because they tell you at a glance how each area is performing. We look at home sale prices for the previous 12 months, as well as, chart a trend-line. Then we look at homes sold. These units include all Louisville residential property for the area. So condominiums and single-family homes are considered. We do not look at multi-family properties here.

Even though housing inventory in Louisville remains incredibly low, sales continue to move right along. We see solid numbers across the county. Some areas are up, while others are down. But Jefferson County as a whole was practically a mirror image of last year.

I am always happy to provide more specific data in you request it. Also, I offer a free, fully itemized CMA on your home (better than most appraisals) if you are thinking about selling in 2018.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending January 2018

Prices dropped a bit but that’s to be expected. Seasonality does play a role in home sale prices. Also, this is the second straight month for Area 2 sales to surpass the previous year.

 

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending January 2018

January was an incredible month for our Clifton, Crescent Hill & St. Matthews MLS area! Both metrics were up, especially sales price. It’s threatening to jump off the page. This is the top performing area in this month’s Louisville Real Estate Update.

 

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending January 2018

Sales dropped a bit in Area 6 for January. Prices keep bouncing up then down but for the year the trend is extremely positive.

 

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending January 2018

A decent month for home sales in Jeffersontown even with the higher than expected prices.

 

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending January 2018

After a stellar December, January came back to Earth in this MLS area. Prices also finally dipped below the trend-line.

 

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending January 2018

Prices are extremely flat in Area 9. Higher priced homes are not nearly in demand currently, even though there are still some solid sale numbers.

 

Louisville Real Estate Update charts for North Oldham County MLS area 20 for the 12 month period ending January 2018

Strong month for home sales in both North and South Oldham areas. Prices dipped just a bit in January.

 

Louisville Real Estate Update charts for South Oldham County MLS area 21 for the 12 month period ending January 2018

Prices rebounded from a low in December to move above the trend-line while sales surpassed last January’s number.


All of our quarter MLS areas are updated through Q4 of 2017. This means our Louisville real estate update reports are up-to-date. Here are the direct links to our quarterly reports.

All Jefferson County

Louisville Real Estate Update charts for Jefferson County KY MLS area 30 for the 12 month period ending January 2018

For the month, home sales just barely missed matching the previous year. For January 2017, there were 679 homes sold. This year, 675 properties exchanged hands for a -0.59% decline. This is basically negligible.

After November and December saw prices maintain, we see the median home sale price in January drop to $160,000. This is the same value one year previously. The trend is moving higher though, which should give homeowner’s better-than-average appreciation again in 2018.

If you are considering a home sale, please contact me as I have a promotional incentive that could save you some money.

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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!