Louisville Market Watch

Louisville Real Estate Update: July 2017

Welcome to the July 2017 Louisville Real Estate Update! For most of the areas in our monthly reports, home sales couldn’t match last year’s record totals. Only Area 6 (Okolona, Newburg, Highview, and Fern Creek), Area 2 (Highlands, Butchertown, and Germantown) and Area 20 (North Oldham County) accomplished this feat.

Map of Louisville MLS Areas

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

Even still, for the year 2017 isn’t that far behind 2016 in terms of home sales.

The real story is how home prices continue to climb to new heights. Louisville is traditionally a 4% yearly appreciation city. I wouldn’t be surprised if this year that number comes closer to 6.5%.

Certain parts of the city are really seeing prices climb. Namely:

If you are a homeowner thinking about selling, I’m extending my commission rebates for another month. Call and take advantage of this opportunity to save money today!

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

After a rather large dip in June, Area 2 bounces back with improved home sales and an uptick in the median sales price.

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

Prices are looking strong here in Area 2 but July marks the fourth straight month where home sales couldn’t beat the previous year.

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

Similar to Area 2, we see a better July in terms of sales activity. The trend-line just keeps moving higher!

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

The median sales price in July was identical to June and helps push the trend-line up. Sales weren’t off by much compared to 2016.

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

Home sales just missed last year’s July mark and for the year Area 8 is keeping pace with the record 2016. Maybe that’s because prices aren’t completely skyrocketing here like in other parts of Louisville.

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

July was a decent month for Area 9, not the powerhouse that June was but respectable. Prices reached the highest point of the year.

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

Area 20 was one of the few areas where home sales in 2017 surpassed the mark set during the previous year. Prices gained ground as well.

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

Prices moved much higher in July for Area 21 but sales continue their losing streak, where it’s been since October 2016 since a sales total surpassed the previous year.


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 July 2017

For the year 2017 is just shy of the grand total of homes sold in 2016. July just barely missed tying the total of the previous year.

It looks like prices will start to move lower as we head into the Fall. Although, stranger things have happened. The trend-line for Louisville home prices looks solid.

Given current inventory levels, it’s still a seller’s market where new highs are being set in most Louisville neighborhoods.

Do you know what your Louisville home is worth? If you don’t and would like to, please contact me. 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.
We would love you to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInDigg thisEmail this to someonePin on Pinterest

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!