Welcome to our Louisville Home Sales Charts through November 2015. For most of the MLS areas, Louisville real estate saw positive growth in both sales and values. There were two exceptions, however.
South Oldham (#21) and Highlands (#2) didn’t show the same great numbers that were displayed in other parts of the city during the month.
But on the whole, numbers are moving in the right direction. 2015 looks to be near a record breaking year. After a strong 2014, we’re arriving close the high water mark of 2005 with our real estate totals.
Louisville Home Sales Charts (period ending November 2015)
Not the best month for the Highlands area as for the second straight month (3 out of 4) home sales fell below the same month last year. Home sale prices also took a turn for the worse, dropping below the trend-line.
While things seem to be going South in Area 2, Area 3 is having a bit of a growth spurt. Sales are up, home prices are up even more! Typically sale prices dip as we head into the Winter months.
After an incredible Summer, the stats have come back to Earth for our Okolona housing report. Home sales in this MLS area were lower year-over-year but prices have seen solid improvement, in large part to all the new construction South of the Gene Snyder.
For 12 straight months home sales have grown in this Jeffersontown MLS area. Prices had been moving higher until November when they finally dipped. Appreciation for the year is 3.5%.
November was the worst real estate month for the Middletown area in quite some time. Prices continue to decline and sales activity couldn’t surpass last year for the first time December 2014.
While MLS Area 8 did poorly, Prospect real estate in Area 9 soared! At a time when average (or median for that matter) values decline, November saw a sharp jump. Sales continue to beat the previous year.
When I first saw the median sales price of $424,500 I thought I must have done something wrong. So I re-ran the report only to find the same value. Sure, only 24 properties sold for the month so the sample size is small but that increase is the largest on record for this part of Oldham County.
Sales were up in November, after a dismal October but prices were not. Even still the gains in value that have been made over the course of 2015 have been very strong.
Other Louisville home sales charts by the remaining MLS areas are updated each quarter. The following were completed through Q3 of 2015.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes