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.

Click here to request a PDF version of

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!

Click here to contact us.

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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
1634 Properties
Page 1 of 137
Open 7/31
2726 Field Ave Louisville, KY 40206
2
Beds
1F11/2
Baths
1,792
Sq.Ft.
1915
Year Built
1
Day on Site
1592407
MLS
OPEN HOUSE SATURDAY (2-4pm) & Sunday (3-5pm). This Stunning oyster white Cresent Hill Home has been remodeled throughout while preserving all of its original charm and character! Come walk up the...
$112,000
Subdivision: Peerless Ct
3
Beds
2
Baths
1,332
Sq.Ft.
2005
Year Built
1
Day on Site
1592408
MLS
Another California Area Awesome and Affordable remodel. This 3 bedroom 2 full baths, all brick 2 story is ready for you move right in. Open living room, and dining area. The Kitchen features white...
$330,000
Subdivision: Chatham Park
4
Beds
3
Baths
1,868
Sq.Ft.
2013
Year Built
1
Day on Site
1592409
MLS
16501 Taunton Vale Road offers neutral color palette throughout provides a move-in ready opportunity for the next owners. The great room has vaulted ceilings and flows into the dining room and...
$112,000
Subdivision: Peerless Ct
3
Beds
2
Baths
1,332
Sq.Ft.
2004
Year Built
1
Day on Site
1592410
MLS
Another California Area Awesome and Affordable remodel. This 3 bedroom 2 full baths, all brick 2 story is ready for you move right in. Open living room, and dining area. The Kitchen features white...
$175,000
Subdivision: Nottingham Hills
3
Beds
2
Baths
1,024
Sq.Ft.
1980
Year Built
1
Day on Site
1592412
MLS
What a rare find! This is a three bedroom two full bath ranch in the heart of J-town for well under 200k! This move-in ready house is a blank canvas and ready for its new owners! With engineered...
$112,000
Subdivision: Peerless Ct
3
Beds
2
Baths
1,316
Sq.Ft.
2004
Year Built
1
Day on Site
1592411
MLS
Another California Area Awesome and Affordable remodel. This 3 bedroom 2 full baths, all brick 2 story is ready for you move right in. Open living room, and dining area. The Kitchen features white...
$279,900
Subdivision: Windsor Forest
3
Beds
2F11/2
Baths
2,551
Sq.Ft.
1973
Year Built
1
Day on Site
1592413
MLS
Move-In-Ready!! Walkout Ranch in Windsor Forest - As soon as you arrive the curb appeal will astound you! Beautiful landscaping, custom professional curbing and window flower boxes make this home...
Open 7/31
14609 Cressington Cir Louisville, KY 40245
$400,000
Subdivision: Woodmont
4
Beds
2F11/2
Baths
2,988
Sq.Ft.
2002
Year Built
1
Day on Site
1592415
MLS
Welcome to this spacious 4 bedroom, 2.5 bath home in the desirable Woodmont neighborhood! With almost 3,000 sqft above grade, this house has tons of space! From the front you will notice the great...
$103,000
Subdivision: Portland
3
Beds
2
Baths
1,170
Sq.Ft.
2002
Year Built
1
Day on Site
1592414
MLS
Very cute 1 story all brick home ready for you to move right in. This totally remodeled home features and open Living Room, that flows right into the Dining area and Kitchen. All new white kitchen...
$231,900
Subdivision: Fincastle
3
Beds
2
Baths
1,528
Sq.Ft.
1971
Year Built
1
Day on Site
1592418
MLS
This beautiful home located in the City of Fincastle and is nestled in the east end of Louisville, between Westport Road and Highway 22. This charming home is close to many restaurants and shopping...
Open 8/1
7905 Sandalwood Ct Louisville, KY 40219
$195,000
Subdivision: Heather Ridge
3
Beds
2F11/2
Baths
2,137
Sq.Ft.
1971
Year Built
1
Day on Site
1592419
MLS
Great 3 Bedroom 2.5 Bath brick Ranch with updates galore, including updated Kitchen, with brand new stainless steel appliances, new flooring, and paint, plus new flooring in the large Great room with...
$189,900
Subdivision: Valentine House
2
Beds
1F11/2
Baths
1,289
Sq.Ft.
1900
Year Built
1
Day on Site
1592420
MLS
''I can see Indiana from my window'' Perched on top of hill overlooking Lexington Ave. With beautiful views with sunset rays coming thru in winter and summer due to positioning of home. Freshly...

Post a Comment