Louisville Market Watch

Louisville Real Estate Update: May 2017

Last month was down but May was definitely right back up! Both home sales and home sale prices were higher than last year, which was a record-breaking year.

When evaluating this Louisville real estate update, one month’s loss is another month’s gain. Makes sense to me.

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.

Our strongest performer in terms of home sales for the month was Area 2 (with Area 9 a close second), which contains these neighborhoods:

  • Butchertown
  • Germantown
  • Highlands

Home sales values were at, or above, our 12-month trend-line in all of these monthly reports as you would expect for May. This month marks the start of the “selling season” and the prelude to June.

It will be difficult to match overall sales numbers for 2017 coming off such a strong year in 2016 but prices continue to steadily move higher.

I’m offering some strong incentives to Louisville home sellers if you contact me quickly.

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

Great month for Louisville home sales in Butchertown, Germantown and the Highlands. Both metrics beat the previous year and the new median sales price is pulling the trend higher.

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

Here we don’t see much improvement but things are holding steady and sales picked up a bit, just not enough to beat last year.

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

Another strong month for our MLS #6 area which contains real estate due south of downtown with neighborhoods like Highview, Buechel, Okolona and Fern Creek. Check out that median sales price for May 2017!

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

Home sale prices rebound but sales still lag behind last year, though not to the same degree as April. It may just be the case of Area 7 not being able to match last year’s amazing performance.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending May 2017

Much better sales coming out of Middletown, Douglass Hills and other neighborhoods in Area 8. Prices aren’t moving higher as quickly as other parts of Louisville but they were already in a higher tier.

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

May was a very strong month for real estate activity in Louisville’s Prospect, Anchorage and other Area 9 neighborhoods. Both prices and sales were up!

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

Area 20 definitely enjoyed a better performance than April with home sales but at the cost of lower prices.

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

Home sales are still trailing the 2016 marks all year but at least home sale prices have picked up over the last four months.


Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q1 of 2017.

All Jefferson County

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

Big jump in sale prices for all of Louisville in May. This while May picked up the sales slack from April. Still trailing over-all units but doing quite well considering the low housing inventory numbers.

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!