Louisville Market Watch

Louisville Real Estate Update: March 2017

As I predicted last month, March performed quite well! Better than February in most areas to be sure.

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 Louisville home is located.

Finally some listings are starting to trickle onto the market. Just a few more than listings sold but I’ll take what I can get.

In this edition of the Louisville Real Estate Update, MLS Area 8, which contains Middletown, Douglass Hills, Hurstbourne and part of Anchorage had great sales in March. This, even while prices moved much higher. Very strong.

Oldham County continues to lag behind. Higher priced homes are taking longer to sell but not terribly so. Modestly priced homes are flying off the shelves!

If you would like to know the value of your home, I’m always happy to help. Contact me directly and I’ll come out and meet you, view your property then give you the true market value of your home. No strings attached.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending March 2017
After a rough February, home sales rebounded in March by a good amount. Prices remain low due largely to seasonality.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending March 2017
March was a better month for Area 3 here in Louisville. After 3 straight months of losing to the previous year, our St. Matthews area edged out the previous year and saw sale prices move above the trend-line.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending March 2017
After the stellar months in the past, it’s tough to complain about how Area 6 has performed of late. Solid month for both of our metrics.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending March 2017
Sales up but prices down. But given the growth in prices in our Jeffersontown region, things are still looking good for homeowners in this MLS area.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending March 2017
If February was good, March was even better with home sales over 100 units and the median home sale price moving higher.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending March 2017
Sales are up over the previous year for everything month going back to November. That dip in prices last month has rebounded a bit.

Louisville Real Estate Update charts for North Oldham County MLS area 20 for the 12 month period ending March 2017
Area 20 continues it’s lateral movement as home sizes decline and new construction makes up a good portion of all sales in Oldham County.

Louisville Real Estate Update charts for South Oldham County MLS area 21 for the 12 month period ending March 2017
Prices continue to impress for the second month in a row but sales activity has been down for 5 straight months.


Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q4 of 2016.

All Jefferson County

Louisville Real Estate Update charts for Jefferson County KY MLS area 30 for the 12 month period ending March 2017

Decent March here in Louisville for home sales. Given our pathetic housing inventory, it’s a surprise we’re even seeing these kind of numbers. Just imagine what might happen if more homeowners decided to list?

Prices didn’t change from February to March but year-over-year numbers are insane. In some places as high as 10%! That just doesn’t happen in Louisville.

Want to know what your 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!