Louisville Market Watch

Louisville Real Estate: Area Reports for June 2012

mls_areas_mapI expected more from June. After a wonderful start to the year, we have certainly leveled out. I believe the record high temperatures have played a role given that June was scorching hot. Perhaps, things will cool and July will see some of June’s action.

Looking for comments or questions from you about Louisville Real Estate. Thank you for visiting LouisvilleHomesBlog.com!

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.

All Reports: Period Ending June 2012

Charts of Louisville home sales and Louisville home prices for Downtown Louisville KY MLS area 0 for the 12 month period ending June 2012.
After updating this quarterly report, it’s easy to see that May 2010 had something strange happen, perhaps some closings that belonged in May were shifted to June? It’s difficult to get an accurate view of this area with so few transactions. Still, it’s nice to see home prices moving back up!

Charts of Louisville home sales and Louisville home prices for Old Louisville MLS area 1 for the 12 month period ending June 2012.
Home values in Area 1 have been moving steadily upward since September. After a strong first couple months of 2012 in home sales, things have begun to taper off.

Charts of Louisville home sales and Louisville home prices for Highlands MLS area 2 for the 12 month period ending June 2012.
After two solid months of rejuvenating home prices the 1-year trend line is now no longer moving downward, which is progress but this area is still down a great deal compared to this time last year. Sales are improved after June matched May’s home sales of 97 Louisville homes sold.

Charts of Louisville home sales and Louisville home prices for St. Matthews MLS area 3 for the 12 month period ending June 2012.
Another strong month for home sales in Area 3, with 110 homes sold in June. Home values were up over a very disappointing May.

Charts of Louisville home sales and Louisville home prices for Pleasure Ridge Park MLS area 4 for the 12 month period ending June 2012.
After three very strong months, home sales were dismal in Area 4 for June—definitely a move in the wrong direction. Prices also are sliding lower. In July of 2010 the median price for a home sold in this area was $102,900. Last month it was $75,000.

Charts of Louisville home sales and Louisville home prices for Fairdale MLS area 5 for the 12 month period ending June 2012.
As poorly as Area 4 has been performing, nearby Area 5 looks to be moving in the opposite direction. The eastward march is on? Sale values have returned to normal levels and both May and June saw much better sales activity than last year.

Charts of Louisville home sales and Louisville home prices for Okolona MLS area 6 for the 12 month period ending June 2012.
The usually up-and-down numbers for Area 6 saw some regularity in June with home values holding steady. Homes sales while up over last year, were under May, which typically isn’t the case. Overall, a positive month for this part of Louisville.

Charts of Louisville home sales and Louisville home prices for Jeffersontown MLS area 7 for the 12 month period ending June 2012.
Home values dipped a bit in June but continue to live above the trend line for this area. Home sales essentially matched last June while barely beating May. Overall, there’s still room for improvement for both home values and sales going forward.

Charts of Louisville home sales and Louisville home prices for Middletown MLS area 8 for the 12 month period ending June 2012.
Much like Area 7, this area saw home sale activity match the previous year as value inched higher. The biggest difference is that Area 8 didn’t lose much of its value over the past 18 months like Area 7 did.

Charts of Louisville home sales and Louisville home prices for Prospect MLS area 9 for the 12 month period ending June 2012.
Area 9 has seen strong improvement since the start of 2012 and June was no different with both metrics seeing positive results. Clearly the real estate market in this part of Louisville moving in the right direction.

Charts of Louisville home sales and Louisville home prices for Bullitt County MLS area 11 for the 12 month period ending June 2012.
This is one of those cases where looking at the data communicates a different result than seeing it in chart form. Sales looked to be up big time but some of that is mixed when combining the previous month. The last two months saw big improvement in home values but that’s only because it was so far down before. Values are roughly at the same place they were this time last year.

Charts of Louisville home sales and Louisville home prices for Spencer County MLS area 19 for the 12 month period ending June 2012.
After a stellar month in home sales for this area, things came back to earth for Area 19. Home values are also dipping and not improved over this time last year.

Charts of Louisville home sales and Louisville home prices for North Oldham County MLS area 20 for the 12 month period ending June 2012.
A very average month in both home sales and value for this area. While sales were up over last month, they still trailed June of 2011.

Charts of Louisville home sales and Louisville home prices for South Oldham County MLS area 21 for the 12 month period ending June 2012.
Like the other portion of Oldham County, sales were a bit down while values were a bit higher. Not a lot of movement or change in trend.

Charts of Louisville home sales and Louisville home prices for Shelby County MLS area 30 for the 12 month period ending June 2012.
Shelby County in Kentucky saw some improvement in home sales for the month of June. Home values remain largely unchanged.

House icon Thank you for visiting our Louisville real estate monthly reports! If there’s anything I can do to help you, please contact me.

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!

Leave a Comment