Louisville Market Watch

Louisville Housing Market Reports for November 2011

mls_areas_mapMost areas saw a drop in home sale activity during November 2011. Prices would slightly down with a few exceptions—most notably Areas 8 and 9. This past 3 year span has seen the largest drop in home values going back for decades. Sellers are being forced to make a tough decision while buyers are grabbing up bargains.

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 November 2011

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending November 2011.
This area performed fairly well for November with sales up over the same period last year and home prices just under the trend-line.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending November 2011.
Area 3 has cooled a bit after some strong months. Both sales and values are down but not to a large degree.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending November 2011.
Area 6 is seeing a bit of life after an abysmal start to the year, this is the 4th straight month for improved home sales. Home prices also jumped moving the trend higher.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending November 2011.
Down month for this area as home price continue their downward slide. Activity was just behind 2010.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending November 2011.
Terrible month for Area 8 with a huge drop in the median home price for properties sold during the month. Home sales activity also dropped behind.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending November 2011.
After a string of strong months, Area 9 saw some adjustment as both sales and activity dropped during November.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending November 2011.
Slightly better month compared to last year for this area as homes sold inched out a victory.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending November 2011.
After a strong August and September, Area 21 activity has stalled. Home prices also dipped below the trend-line.

That’s it for this month! Please check back next month for more Louisville home sales charts.

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About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
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