Welcome to our Louisville Real Estate Update! 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 see a larger version to easily identify where in Louisville your home might be.
March was another strong month for Louisville real estate. Especially for home sales priced between $100,000 and $200,000. You can see it reflected in the charts for areas 7 (Jeffersontown), 6 (Okolona) and Areas 2 (Highlands).
Areas 8 & 9 didn’t perform as well, as fewer buyers are interested in luxury homes at this point in the year.
When looking at home prices, it’s more important to take the long term view and see where each MLS area is at the end of the red trend-line compared to the beginning. Area 8 is performing the worst in this regard.
All in all, most of the city is improving, just at different rates.
Louisville Real Estate Update (period ending March 2016)
Last month it was Area 6, this move the positive flow moved East to Area 7 where homes are selling like hotcakes. This while prices are moving higher and higher. Think you might to sell? Give me a call. I’ve sold 3 homes in the total of 7 days this month.
Area 8 is just not getting the job done. It could be we’re seeing a market correction from all the improvements we had in previous years but I think it’s more that the homes that are selling now are in lower price ranges and that’s not what Area 8 is about, for the most part.
Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following were completed through Q1 of 2016.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes