Louisville Market Watch

Louisville Real Estate Update: September 2016

Map of Louisville MLS AreasWelcome to our Louisville Real Estate Update for the month of September 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 at the right to better where your Louisville home is located.

Louisville Real Estate Update (October 2015 – September 2016)

Like last month, our entire city performed almost the same this September as last. But depending on which part you live in, the results can vary quite a bit.

The strongest performance this month was Area 3, our St. Matthews real estate area, where home sales blew the previous year’s total out of the water.

Also noteworthy, are the trend lines of both Area 6 (Okolona) and Area 7 (Jeffersontown) which are quite steep. Compare those with most of the others in our survey which are far more flat. Very interesting.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending September 2016.
September follows up last month with another strong month for home sales in our Highlands’ MLS area. Prices moved a bit higher as well, keeping that trend line moving upward.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending September 2016.
Very strong month for St. Matthews real estate after a drop in August. For the year it’s almost neck and neck, only separated by 18 homes. Home sale prices are moving much higher too. That June total is still a head-scratcher.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending September 2016.
Just like last year, Area 6 (Highview, Okolona and Fern Creek) saw a very high home sale totals in September compared to August, which usually isn’t the case. The prices are absolutely taking off!

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending September 2016
For the fourth straight month, sales in Area 7 couldn’t keep pace with the previous year but September’s tally wasn’t too far off. Check out that price trend line though?! It’s dramatically higher.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending September 2016.
Not since February did sales surpass the previous year, that is… until September where it did so by a slim margin. Prices aren’t drastically higher year-over-year in our Middletown area, perhaps a market correction from last year, combined with more sales at the lower levels.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending September 2016
Great month for home sales in Area 9 (Prospect) setting a high for the year with 151 units sold in September. Unexpectedly, prices jumped as well.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending September 2016
The market in North Oldham isn’t performing as well as the Southern portion but both are experiencing a cap of sorts on home prices. Perhaps economic concerns are causing home owners to downsize in larger numbers than was previously thought.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending September 2016
South Oldham real estate held check in September with identical sales numbers as 2015. Prices remain absolutely flat with only seasonal variations.


Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q3 of 2016.

All Jefferson County

Charts of Louisville home sales and Louisville home prices for Jefferson County KY MLS area 30 for the 12 month period ending September 2016

Looking at home values for September 2016, the median home sales price was $165.900. The 12-month trailing average was $158,255.

Four our sales volume, we look at the number of homes sold for the month, which was 1,081.

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.
We would love you to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInDigg thisEmail this to someonePin on Pinterest

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!