July saw increases in home sales across most of Jefferson County. Certain areas, like Jeffersontown and North Oldham had major increases. It’s clear looking at the stats that there a great amount of demand currently. This is highlighted in areas where the homes are more modestly priced.
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As we do every quarter, all of our MLS areas are fully-updated. This includes all of Jefferson County, and the four surrounding counties: Oldham, Shelby, Spencer, and Bullitt. Read on to learn more about how your home’s area performed.
Jefferson County Housing Market Report
That’s two straight months with more sales than the previous year. Clearly, demand is growing but housing inventory continues to hold it back.
For the month, there were 1,304 properties sold. This is a 6.3% improvement over last July’s total of 1,227. While not groundbreaking, this is solid growth after two very down months—April and May.
Last July, the median sales price for the month was $205,000 for all of Jefferson County. This July that number jumped 8.8% to $225,000. That’s pretty huge! Even more impressive that it happened during a month of increased sales.
We will not look at the MLS areas that we cover each month.
Louisville MLS Areas with Monthly Reports
Home values were sustained for the month of July. The overall trend-line for Area 2 remains quite flat. Home sales surpassed the previous year for the second month in a row.
Here we see some very strong numbers for Area 3, specially looking at price improvements. While 2019 was more volatile in terms of home sales, there is a smooth curve of increasing totals coming out of Winter into the Summer.
Similar to Area 3, we see both metrics moving higher in July in this area. Sales are down just a touch compared to June but still beat the the previous year.
Look at those prices go! There are bidding wars for most new listings in the lower priced parts of Louisville. It’s very commons for homes to sell the 1st or 2nd day on the market, thus pushing the sale prices higher.
Area 8 didn’t perform quite as well but still we see positive home sales over the previous month.
In Area 9, Prospect, the median home sale number keeps moving higher in July. This is finally starting to tilt the trend-line upward. Home sales hold steady.
Home sales drop in July after an outstanding June but home prices hold firm.
In Area 21, prices dip ever-so-slightly but sales spring higher!
Louisville Real Estate Report: Quarterly MLS Areas
All of the Louisville Homes Blog quarterly MLS areas are now updated through the end of June 2020. Click the link below or, as always, in their normal spot under the House Reports tab above.
- 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
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