Louisville Market Watch

Louisville Real Estate Update: July 2016

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of July 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 better where your Louisville home is located.

Louisville Real Estate Update (August 2015 – July 2016)

Overall, most of Louisville saw home sales come up short when compared to July 2015… which just so happen to be a record-setting month. So, when you put things in perspective it’s truly not a terrible performance.

Housing inventory levels remain incredibly low and this has hampered our sales activity from being even stronger. A few of our MLS areas below still managed to beat out the previous year.

The real story is home prices which are moving higher in almost every part of the city. Three MLS areas (#7 Jeffersontown, #8 Middletown and #21 South Oldham) in particular, saw home prices rocket to record levels. Wow!

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending July 2016.
Like most of the city Area 2 saw home sales drop in June and July. At least prices are higher and the trend-line is moving in an upward trajectory.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending July 2016.
After a strange median sales price in June, it rebounded higher in July for our St. Matthews real estate area. Sales just missed matching last year’s mark.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending July 2016.
After beating the previous year’s mark in June, Area 6 came up short in July. Even still… fairly strong numbers here.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending July 2016
Bigger drop in sales while prices moved to their highest levels ever for our Jeffersontown MLS area. Look out!

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending July 2016.
Once again, Area 8 mimics Area 7 in both of our monthly metrics. Overall home appreciations will be strong in 2016.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending July 2016
Little better home sales here while the rest of the city dips. Prices came back to join the trend-line.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending July 2016
Not the best month for home sales in North Oldham with just a few more than 50 properties selling in July. Prices also remain fairly flat.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending July 2016
Prices jump even higher in July for South Oldham real estate. Sales activity was down just a handful of units.

Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q2 of 2016.

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!