Louisville Market Watch

Louisville Real Estate Update: June 2017

Now we’re down, just a bit, from a very strong May. Some areas did well while, you guessed it, others did not.

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.

The MLS areas that performed best in June were Areas 8 and 9. The higher priced homes in Louisville’s east end were flying off the shelves to start the summer selling season.

After a strong May, Area 2 didn’t do well at all. And neither did area 7. Well, we can’t break records every month.

Some of the MLS areas that we cover quarterly (scroll to the bottom), did better than expected and really helped to bring up the entire county’s numbers.

If you are a homeowner thinking about selling, I’m offering some strong incentives if you act quickly.

 

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

Area 2 didn’t do so hot in June. Prices came back down and home sales really trailed off. Didn’t even come close to matching May.

 

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

A little better here, even though sales are behind 2016 but at least they are moving higher. Check out that price trend!

 

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

Area 6 performed similarly to Area 3. It really seems like May took some of June’s business across our city.

 

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

Giant median sales price for June here in Area 7. But, sales can’t compete with last year… not even close.

 

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

Now we’re talking… MLS Area 8 had a strong June in both metrics. Looking at the trend-line, overall price gains have been far less than the city’s average.

 

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

Great month for sales here, almost reaching 200 units! Prices dipped slightly but I expect July will correct that.

 

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

Not a bad or good month really for Area 20. Sales are disappointing but not overly so. Prices rebounded a bit.

 

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

A little better here, south if I71. But clearly, Oldham County real estate is not living up to it’s potential. There’s great opportunity here for a new, residential housing development, in my opinion.


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 June 2017

June came very close to matching last year’s mark. For the year, 2017 is neck and neck with record-breaking 2016. But the real story is home prices! With sellers in control, prices are moving higher at break-neck speed.

It’s certainly a great time to be a Louisville homeowner.

Want to know what your Louisville home is worth, 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!