Louisville Real Estate Market Report
This report analyzes property sales trends for Louisville homes over the last few months and versus the same time period last year. The report includes number of Louisville homes sold, average listing price, average sales price, days on market (DOM), and current inventory as well as analysis for buyers and sellers.
Area 7 of the Louisville MLS covers homes for sale in FernCreek, Hikes Point, and Jeffersontown (J-town). Some of the larger subdivisions in this area are Breckenridge Meadows, Glenmary, Little Spring Farm, Orchard Lakes, Saratoga Springs and Saratoga Woods.
See Also: Louisville Real Estate Map
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Key Points
- Home Sales in this area of Louisville have really picked up! Except of June, this month had the highest number of sales since 2007.
- While sales price is down, this is not a declining market. Certainly, there are some neighborhoods that are struggling woth foreclosures and short sales. However, this area of Louisville remains desirable and many home sellers are able to get a fair price. First time home buyers are as much the cause of the average price drop as anything else. These buyers are taking advantage of the $8000 first-time home buyer tax credit and tend to purchase entry-level homes.
- For sellers, this is an indication that you can sell your home if you have a Louisville real estate agent who understands how to help you prepare, price, and promote your home.
- Buyers should take note that selection is great. As word spreads that buyers are actually taking advantage of the low interest rates, tax credits, etc, more sellers are putting their homes on the market. If you want to live in this part of Louisville, you should certainly be able to find a home that meets your needs.
Additional Market Reports (July 09)
First Time Home Buyer Tax Credits for Louisville Home Buyers
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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliancein Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estateor to Search for Louisville Homes
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Hello Erik, excellent report. Your use of graphics in presenting the various criteria is very helpful. Best of success! John