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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927 Properties
Page 1 of 47
$315,000
Neighborhood: Germantown
2
Beds
2
Baths
1,230
Sq.Ft.
1900
Year Built
1
Day on Site
1661528
MLS
$469,900
Neighborhood: Parkridge
3
Beds
3
Baths
3,596
Sq.Ft.
1995
Year Built
1
Day on Site
1661809
MLS
Open 6/2
7106 Woolrich Rd Louisville,  KY 40222
$379,500
Neighborhood: Graymoor Devondale
4
Beds
2F11/2
Baths
2,450
Sq.Ft.
1960
Year Built
1
Day on Site
1661812
MLS
$875,000
Neighborhood: Glenview Hills
3
Beds
3
Baths
3,619
Sq.Ft.
1968
Year Built
1
Day on Site
1661813
MLS
$850,000
Neighborhood: Valley Vista
4
Beds
2F21/2
Baths
4,633
Sq.Ft.
1957
Year Built
1
Day on Site
1661743
MLS
$715,000
Neighborhood: Kenilworth Heights
5
Beds
2F11/2
Baths
3,062
Sq.Ft.
1925
Year Built
1
Day on Site
1661815
MLS
$875,000
Neighborhood: Beech Spring Farm
4
Beds
3F11/2
Baths
4,842
Sq.Ft.
2008
Year Built
1
Day on Site
1661816
MLS
$280,000
Neighborhood: Villas Of Stony Farms
2
Beds
2
Baths
1,789
Sq.Ft.
2006
Year Built
1
Day on Site
1661818
MLS
3
Beds
1
Baths
1,617
Sq.Ft.
1920
Year Built
1
Day on Site
1661819
MLS
$625,000
Neighborhood: Highlands
3
Beds
3F11/2
Baths
4,801
Sq.Ft.
1957
Year Built
1
Day on Site
1661820
MLS
$474,900
Neighborhood: Flat Rock Ridge
4
Beds
2F11/2
Baths
3,098
Sq.Ft.
2015
Year Built
1
Day on Site
1661823
MLS
$145,000
Neighborhood: Glassworks 214
1
Beds
1
Baths
712
Sq.Ft.
1940
Year Built
1
Day on Site
1661827
MLS
3
Beds
2F11/2
Baths
2,263
Sq.Ft.
1910
Year Built
1
Day on Site
1661828
MLS
3
Beds
1
Baths
1,487
Sq.Ft.
1947
Year Built
1
Day on Site
1661832
MLS
4
Beds
1
Baths
1,124
Sq.Ft.
1948
Year Built
1
Day on Site
1661833
MLS
$949,900
Neighborhood: Lake Forest
5
Beds
4F11/2
Baths
5,689
Sq.Ft.
2001
Year Built
1
Day on Site
1661835
MLS
$295,000
Neighborhood: Kenwood Village
3
Beds
2F11/2
Baths
2,828
Sq.Ft.
1940
Year Built
1
Day on Site
1661840
MLS
$324,900
Neighborhood: Auburn Oaks
4
Beds
2F11/2
Baths
2,053
Sq.Ft.
2024
Year Built
1
Day on Site
1661841
MLS
Open 6/2
17115 Mallet Hill Dr Louisville,  KY 40245
$599,000
Neighborhood: Polo Fields
4
Beds
3F11/2
Baths
4,367
Sq.Ft.
1998
Year Built
2
Days on Site
1661796
MLS
$215,000
Neighborhood: Middletown Villa
2
Beds
1F11/2
Baths
1,499
Sq.Ft.
1982
Year Built
2
Days on Site
1661797
MLS

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