Welcome! Here is our November installment of the Louisville real estate report. There is no better, local and free report for Louisville, Kentucky anywhere on the Internet. And it’s all for you!
I don’t have a lot of time for this section of the report because, hey, it’s Christmas and there is so, SO much to do. So, I’ll just hit the highlights.
We won’t be breaking any records in 2019. That’s just where we are. 2017 was our high water mark year. But when you compare the two, we’re not down that much. In truth, we’re only 500 units less this time around. Plus! There are still positive signs to be seen on our real estate market, particularly new construction which continues to pick up speed.
If there’s ever anything you need, please don’t hesitate to shoot me an email and I will do my very best to answer your questions.
Jefferson County Housing Market Report
Believe it or not, we’ve just had our second straight month where home sales beat the previous year. In November, there are currently reported 934 sold homes for the month. That’s up 5.54% over the previous year. Not bad, not bad at all.
When we turn our attention to home sale prices, we see what we expect to see this time of year—prices coming back down. Compared to October, prices are lower. But when you compare to the median price of homes sold last November, $177,000, we’re seeing a value this year of $180,00. That’s only good for a 1.7% gain. Then, compare trend-line values for the same month and this difference rockets up to a 5.8% gain!
Louisville MLS Areas with Monthly Reports
A fairly good month for Area 2 as sales just barely missed matching last year’s total. Prices actually moved higher at a time when they should be coming down.
This is what we typically see as we head into the Holidays. Last year’s sales totals were strangely high. After a bump in October, prices are moving lower in November.
Another strong month for home sales in Louisville’s MLS Area 6. That’s the 4th month this year that has surpassed last year’s monthly total in units. Prices are finally coming down as they can’t keep up that kind of growth forever, now can they?
This is a pretty typical month for both metrics here in Area 7. Expect prices to move lower over the next couple of months.
It’s strange to see prices jump like this in November even with close to a 100 units sold for the month. Overall price levels continue to remain flat.
Prices down, as expected. But home sales are up over the previous year, even after a strong October.
Far fewer homes are sold in just half of Oldham County so some price volatility should be expected, but it’s still interesting to see it happen.
The South portion of Oldham County, Area 21, conforms to the more typically seen model of prices coming down over the winter along with the number of units sold.
Louisville Real Estate Report: Quarterly MLS Areas
For this month’s Louisville Real Estate Report, our quarterly areas are now completed through September. These are linked below. And you can always find them in the drop-down menu at the top of each page.
- Central Downtown District, Old Louisville – Area 0
- Downtown, Old Louisville, West Louisville – Area 1
- Pleasure Ridge, Valley Station, Shively – Area 4
- Auburndale, Fairdale, Iroquois Park, Shively Homes – Area 5
- Bullitt County – Area 11
- Spencer County – Area 19
- Shelby County – Area 30
If you want to know “What is my Louisville home worth?” Please contact me. I’m always happy to help!