Louisville, KY Real Estate Market Update for May 2016

The Louisville, KY real estate market is still proving to be a great situation for home sellers. Buyer demand continues to increase through the end of spring with low inventory available.

Louisville, KY Real Estate Market Update for May 2016

View Louisville, KY homes for sale under $150,000.
View Louisville, KY homes for sale under $250,000.
View Louisville, KY homes for sale under $350,000.

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Homes sold from January through May this year showed an 11.53% increase compared to January through May in 2015 with growth from 5,818 homes sold in 2015 to 6,489 homes sold in 2016. When looking individual MLS areas, Jefferson County had an increase of 9% in homes sold from January through May in 2015 compared to January through May in 2016. Oldham County’s homes sold increased 16.81%, and Bullitt County increased 17.9%. These large increases demonstrate that Louisville is still a seller’s market. There are more buyers actively searching for the perfect home than there are homes available. This high demand for quality properties can boost the average selling price of the area as well.

How much is your home worth? It might be more than you think! Find out how much more here.

Louisville, KY Real Estate Market Update for May 2016

When comparing the month of May in 2015 to May of 2016, an overall increase of 5.02% in average selling prices can be seen. Jefferson County average selling price in May 2015 was $199,155; it rose 4.68% in May of 2016 to $208,469. Oldham County average selling prices saw an increase of 8.57%, and Bullitt County saw a 10.4% increase in selling prices. Again, increased prices can oftentimes be attributed to lower inventory. More competition between buyers usually results in more competitive prices.

You may also like: 4 Things to Consider When Pricing Your Home to Sell

If you are thinking about selling your home, now is the ideal time to do so. Active listings decreased 23.65% compared this time last year. The Louisville, KY real estate market is truly in need of your quality listing!

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Are you unsure of where to start? Contact Pam Ruckriegel with Louisville Real Estate Pros at Keller Williams Realty Louisville East, and she’ll get you moving in the right direction. She is the best Realtor for the job! 402-435-5524.

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1667 Properties
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Open 10/4
5027 Lea Ann Way Louisville, KY 40219
$174,900
Subdivision: Sungold Estates
3
Beds
2
Baths
1,307
Sq.Ft.
2004
Year Built
2
Days on Site
1570450
MLS
This charming one owner ranch is located at the end of a quiet cul-de-sac. Entering the front door you encounter an open concept living space with new neutral tone paint and carpet throughout. The...
$599,900
Subdivision: Lake Forest
5
Beds
4F11/2
Baths
5,104
Sq.Ft.
1993
Year Built
2
Days on Site
1570451
MLS
Beautiful 5BR, 4.5BA w/finished walkup basement w/3 car garage on cul-de-sac. So many upgrades including a full kitchen remodel w/large center island, plenty of refinished custom cabinets, new...
$440,000
Subdivision: Springhurst
5
Beds
3F11/2
Baths
3,263
Sq.Ft.
2001
Year Built
2
Days on Site
1570452
MLS
Welcome to this gorgeous, outstanding, two story, five bedroom home in Springhurst. When you enter you will find a large foyer with vaulted ceilings, beautiful hardwood floors (refinished 2016)...
$205,000
Subdivision: Friendly Hills
3
Beds
1F11/2
Baths
1,062
Sq.Ft.
1978
Year Built
2
Days on Site
1570454
MLS
Adorable brick ranch located on a peaceful cul-de-sac in Friendly Hills! This home offers 3 bedrooms, 1.5 bathrooms (both recently remodeled) and is Move-In Ready (Fresh Paint and New LVP Flooring) ....
$165,000
Subdivision: Inverness Of Hurstbourne
2
Beds
1F11/2
Baths
1,539
Sq.Ft.
1975
Year Built
2
Days on Site
1570455
MLS
Location! Location! Hurry, a beautiful move-in ready Condo in Hurstbourne! Very nice foyer entry leads to the kitchen boasting granite countertops, tile backsplash, white cabinets, updated sink and...
$285,000
Subdivision: St Andrews Landing
4
Beds
3F11/2
Baths
2,611
Sq.Ft.
2003
Year Built
2
Days on Site
1570460
MLS
Hard to find a FOUR bedroom room home on the market and this one is sure to please. Enjoy wood laminate flooring throughout the first and second floor of thishome!! The kitchen has beautiful new...
$159,900
Subdivision: Shacklette Acres
3
Beds
1
Baths
1,852
Sq.Ft.
1958
Year Built
2
Days on Site
1570463
MLS
Looking for that special ''home''? There are so many things to love about this house. This 3 BR home with partially finished basement HAS SOMETHING FOR EVERYONE TO ENJOY...from the inviting front...
4
Beds
5F11/2
Baths
5,946
Sq.Ft.
2002
Year Built
2
Days on Site
1570465
MLS
This home is located on a small, quiet street just off Hubbards Lane, conveniently located between Indian Hills and St. Matthews, a prime location. You'll find quality construction, custom moldings...
$325,000
Subdivision: Crescent Hill
3
Beds
2
Baths
1,540
Sq.Ft.
1930
Year Built
2
Days on Site
1570466
MLS
WOW!! The location says it all ~ Near interstate, minutes from downtown, within walking distance of shopping and dining options on Frankfort Ave! Close to many parks including ever popular Cherokee...
2
Beds
1
Baths
972
Sq.Ft.
1900
Year Built
2
Days on Site
1570469
MLS
ready to move in or for the investor- should be ready to lease---the new a/c will be installed @ closing time
$175,000
Subdivision: Clifton
2
Beds
1
Baths
768
Sq.Ft.
1900
Year Built
2
Days on Site
1570473
MLS
Welcome Home to this beautiful 2 bedroom/1 bath home in the Historic Clifton neighborhood, close to Frankfort Avenue shopping and dining. Built in 1900, this 120-year-old beauty has been renovated to...
$245,000
Subdivision: Bannon Crossings
3
Beds
2F21/2
Baths
2,337
Sq.Ft.
2005
Year Built
2
Days on Site
1570474
MLS
This one is not going to last!! This 3 bedroom 4 bathroom home, 2 full baths, 2 half baths, has everything you've been looking for tied up in a pretty package. Fresh neutral paint and beautiful...

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