Louisville Housing Market Looks Cautiously Optimistic

The watchwords for the Louisville housing market are “cautious optimism” for 2013. As per the home price index issued by CoreLogic Inc., home prices in the region increased by 0.2 percent in December of 2012 compared to what they were a year ago. This is also the biggest annual increase seen since May 2006.

Photo of a cute house for sale
Signs point to a favorable year for the Louisville housing market, with foreclosure numbers dropping, new housing starts up, and more.
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Louisville Housing Market 7 Year Report, Period End August 2011

“Well surprise, surpise!” -Gomer Pyle

If I’m dating myself with that quote, please forgive me. (Or, if you find my taste in sitcoms uncivilized, I completely agree.)

Louisville Home Sales: 7 Year Monthly Chart for period ending August 2011
August was a good month for both Jefferson and Oldham counties as sales beat both the previous two years.
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Louisville Housing Market 7 Year Report, Period End May 2011

May has disappointed me greatly. I had far greater plans in mind only to see them dashed on the rocks.

Louisville Home Sales: 7 Year Monthly Chart for period ending May 2011
Jefferson County home sales for May 2011 were close to 2009 levels, which was a bad year. Oldham County fared better but clearly, the housing market has ground to make up.
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Louisville Housing Market 7 Year Report, Period End January 2011

As with our first post on this feature, home sales in the past two years have been roughly the same and a little better than the previous year.

Louisville Home Sales: 7 Year Monthly Chart for period ending January 2011
Each month we will bring to you an easy-to-read chart on how both Jefferson County and Oldham County home sales have performed over the past 7 years.
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