Louisville Homes ~ Area 7 Real Estate Market Report ~ August 09

Real Estate Agent with RE/MAX Alliance - Louisville REALTOR-Luxury Homes

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

Search for Louisville Homes

Louisville Homes - Market Data

Louisville Homes ~ Historical Sales Price

Louisville Real Estate ~ Year to Date Sales


Louisville Real Estate ~ Historical DOM

Louisville Real Estate ~ Historical Absorption Rate

Key Points

  1. Home sales have definitely picked-up in this area of Louisville.  Through the first 3 months of the year, the number of homes sold was off by 40%.  That number is down to 8% now.  We are seeing the trickle-up effects of existing homeowners being able to trade-up once first time home buyers jump into the market.  The $8000 tax credit is certainly making a difference.    
  2. For sellers, this is an indication that you can sell your Louisville home if you have a Louisville real estate agent who understands how to help you prepare, price, and promote your home.
  3. 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.  When you find a home that you really want, make a strong offer based on a comparative market analysis.  Homes are selling 3-5% below list price.  Low-balling someone with an offer of 90% or worse may well cost you the home. 

Additional Market Reports (July 09)

  • Louisville Homes - Area 8 Douglass Hills, Hurstbourne, Middletown
  • Bullitt County Homes
  • Shepherdsville Homes 
  • Mt Washington Homes 

First Time Home Buyer Tax Credits for Louisville Home Buyers

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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in 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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Comments (3)

Eric Villaverde
DoubleTree Home Inspection Services L.L.C. - Phoenix, AZ

I really do enjoy reading about your local information. Thanks for the post today.

Sep 13, 2009 05:00 AM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Eric - Thanks for reading and I'm glad you enjoyed it. 

Sep 13, 2009 05:13 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Very pretty market reports!  I will take the house with the waterfalls. It's probably just common area tho :(

Sep 16, 2009 12:49 AM