Welcome the Louisville Homes Blog September 2018 Louisville real estate report. I create these charts each and every month. Yes, it’s a lot of work, but you’re worth it!
Please notice, this information can not be found anywhere else. Plus, I give it to you for free! Other agents require you to “sign in” and give them your personal information. I don’t do that and I never will. It’s really about the whole community. Hopefully, you find this analysis worthwhile!
September saw a tremendous drop in activity when compared with 2017. It’s almost a foregone conclusion that we will not have a record-breaking sales year here in Louisville.
Let’s see which parts of Louisville Kentucky performed the best, the worst and everything in between.
September 2018 Louisville Real Estate Report
After two strong months, our Highlands area dropped considerably. Home sale prices remained strong for the month of September. Other areas in our report can’t say the same.
…just like this one! Here we see a big drop in sales to go along with a big drop in prices. As has been the case all along, the housing inventory shortage is only in the lower price tiers… not here in Area 3.
Here’s the area that performed the best in Jefferson County for the month. Prices keep climbing and sales activity just missed last year’s mark.
For the third straight month, home sales in Area 7 couldn’t match last year. This is largely in part due to lack of inventory but these higher prices aren’t helping either. Well, unless you’re a home owner or home seller.
2018 has been a great month for property values in Middletown, Hurstbourne, and even Anchorage. Largely in the lowest parts of the price range but even a good number of luxury homes have been selling here.
Area 9 had a “so-so” month for both metrics. Sales performed better than prices. We’ll have to see how things shake out over the Holidays but I expect this trend to continue into 2019.
September was a good month for North Oldham real estate. Strong home sales with prices bouncing back after a dip in August.
Home sale prices are performing better in South Oldham as their homes are slightly less expensive and that’s what is in high demand. Not a terrible year for sales but definitely not up to 2017 levels.
Quarterly LHB Housing Reports
I just finished updating all the quarterly Louisville real estate reports through Q3 of 2018. You can click a link below or, as always, from 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
Jefferson County Housing Report
September saw a fairly dramatic drop of 11.9% for Jefferson County home sales. Homes under $200,000 are flying off the shelves. Homes between $200,000 and $300,000 are still moving quickly. Above $400,000 sales are much more modest.
For the month, there were just 997 homes sold. Compare that with 1,132 for September 2017 and you’ll see that things are slowing down.
The median sales price for the month was $174,000. Last September that number was $170,000. The seasonality of Summer greatly affects these values. Expect this number to fall further as we head into Fall and Winter.
We still have a great need for more homes for sale on the market. This is especially true in the lower price tiers. I’m always available with expert free advice. Please just email me and I will get back to you in a short time.