Louisville Market Watch

Louisville Real Estate Update: June 2016

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of June 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 (July 2015 – June 2016)

Most Louisville MLS areas saw good but not great home sales for June. Just a few of these surpassed the previous year but on the whole, home sale prices are higher in June. This is expected as home inventory for prospective buyers is incredibly low. In fact, I would have expected higher prices in all the areas but that wasn’t the case.

The strongest sales numbers came in our South Oldham (#21) and Okolona (#6) MLS areas where we saw both surpass the previous year. Other than the Highlands, every MLS area in our monthly report saw home prices jump in June. Several moved much higher, as we would expect as we move into the Summer selling season.

The Louisville real estate market remains strongly in favor of home sellers so if you have a home to sell, now a great time to list for a quick sale.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending June 2016.
After last year’s stellar June we would have been hard pressed to match it but sales were still good in our Highlands MLS area. Price moved even higher in June as well.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending June 2016.
Home sales came up just shy of last year’s mark, still moving higher as you would expect in our first Summer month. Prices dropped, which is surprising given our extremely low housing inventory.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending June 2016.
Very good month for real estate in Highview and Okolona areas of Louisville. Both metrics improved, with prices jumping to new heights!

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending June 2016
The prices of homes sold in our Jeffersontown MLS area continue to be quite high. Sales improved over May but couldn’t match last year’s June numbers.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending June 2016.
Similar to Area 7, we see here in Area 8 prices stay high during our more competitive selling season but sales for the fourth straight month fell behind last year’s marks.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending June 2016
Home sale prices rocketed sky-high in June for our Prospect area. Home sales continue to lag behind as we’ve seen in much of Louisville real estate during 2016.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending June 2016
Decent month for sales but for the second straight month North Oldham home sales fell short to the previous year. Home prices also remain quite flat though they did jump the trend-line in June.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending June 2016
Better month in June for sales in South Oldham beating the previous year for the second straight month. Prices also look good.

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!