About half of the monthly reported areas showed home prices up in December while the other half saw them decrease. For your area, please refer to the charts below. Sales activity was approximately even with December 2010 but no area had more total sales for 2011 than it did the previous year.
We also updated all the Quarterly areas. You can find those here:
- Area 0: Central Downtown District/Old Louisville
- Area 1: Downtown/Old Lou./Shively/West Lou./Butchertown
- Area 4: Pleasure Ridge/Valley Station/Shively
- Area 5: Auburndale/Fairdale/Iroquois Park/Shively
- Area 11: Bullitt County
- Area 19: Spencer County
- Area 30: Shelby County
Note: Below you’ll find our monthly reports for the following Louisville housing markets. These charts display Louisville home sales and Louisville median home values with a trend-line. This Louisville real estate area map defines the MLS areas.
Monthly Reports: Period Ending December 2011
Values were up for the year in Area 3, even though the trend is now moving lower. Sales activity was up over the second half of the year, minus November, showing strength in housing for this location heading into next year.
Area 6 had a very difficult 2011. Not only was activity far less than the previous year, home values have steadily declined. There will be a point, if we haven’t reached it already, where properties will be very attractive deals for the bargain hunters. The last 3 months of the year did, however, start to push the trend higher.
Home prices in Area 8 have been all over the board, thus the need for the trend-line becomes greater. It appears to be a bear market for prices and while demand improved in the 2nd half, the year fell beneath 2010.
Sales activity in Area 9 was much closer to the previous year than other areas, which shows stability. Values that had been improving over the course of the year started to trail off in the last quarter.
That’s it for this month! Please check back next month for more Louisville home sales charts.