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.

2479 Properties Found. Showing 1-12
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3115 Wynbrooke Cir
Louisville, KY 40241
3115 Wynbrooke Cir Louisville, KY 40241
1 of 62
$345,000
Subdivision: Springhurst
BEDS
4
BATHS
4
SQ.FT.
3,010
BUILT
1995
ON SITE
1Day
MLS
1517198
Location! Location! Location! Don't miss this gorgeous brick home in the highly sought after Villages of Springhurst! The home overlooks the quiet, preserved ravine of Goose Creek, but is only a few...
14303 Glensford Pl
Louisville, KY 40245
14303 Glensford Pl Louisville, KY 40245
1 of 53
$399,500
Subdivision: Lake Forest
BEDS
4
BATHS
3
SQ.FT.
3,445
BUILT
1984
ON SITE
1Day
MLS
1517202
Welcome home to this spacious former Homerama winner! Located on a quiet park like cul de sac. Walk into the soaring entry with ornate windows and natural light. The first floor of this home has a...
2113 Auburn Dr
Louisville, KY 40216
2113 Auburn Dr Louisville, KY 40216
1 of 39
$137,500
Subdivision: Garrsdale
BEDS
3
BATHS
1
SQ.FT.
1,702
BUILT
1957
ON SITE
1Day
MLS
1517205
Beautifully maintained stone ranch nestled onto a large .4988 Acre lot and features a beautiful covered front porch, 2 car detached garage, 3 bedrooms, 1 full bath, and a partially finished...
1633 Whippoorwill Rd
Louisville, KY 40213
1633 Whippoorwill Rd Louisville, KY 40213
1 of 27
$205,000
Subdivision: Audubonvale
BEDS
4
BATHS
3
SQ.FT.
1,861
BUILT
1960
ON SITE
1Day
MLS
1517208
Newly remodeled and a must see!!! This newly remodeled home boasts four bedrooms and two and a half baths. It's beautifully remodeled kitchen is equipped with stainless steel appliances, new granite...
9221 Fern Creek Rd
Louisville, KY 40291
Open House
9221 Fern Creek Rd Louisville, KY 40291
1 of 52
$195,000
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
1,457
BUILT
1920
ON SITE
1Day
MLS
1517209
You will fall in love with this adorable 1.5 story Cape Cod home nestled in the heart of Fern Creek. This home is perfectly situated on a picturesque lot and loaded with CHARM and CHARACTER. Sellers...
1117 E Burnett Ave
Louisville, KY 40217
1117 E Burnett Ave Louisville, KY 40217
1 of 20
$174,900
Subdivision: Germantown
BEDS
2
BATHS
1
SQ.FT.
962
BUILT
1900
ON SITE
1Day
MLS
1517211
Renovated 2 bed/1 bath home in highly sought after location in Schnitzelburg/Germantown! Updated kitchen with brand new stainless steel appliances (including washer & dryer), new flooring, new...
821 Packard Ave
Louisville, KY 40217
Open House
821 Packard Ave Louisville, KY 40217
1 of 42
$179,900
Subdivision: Parkway Village
BEDS
3
BATHS
2
SQ.FT.
1,925
BUILT
1921
ON SITE
1Day
MLS
1517212
This beautiful 3 bed, 2 bath is yours to call home! The enclosed porch with swing opens into the dining and living rooms with hardwood floors, fireplace with built-in bookcases and box stove. New...
135 Woodmore Ave
Louisville, KY 40214
135 Woodmore Ave Louisville, KY 40214
1 of 27
$160,000
Subdivision: Kenwood Heights
BEDS
4
BATHS
3
SQ.FT.
1,907
BUILT
1955
ON SITE
1Day
MLS
1517216
Located in established neighborhood within minutes of Iroquois Park. Covered front and back porch. Walk into a large open living area with attached dining room. Massive window with beautiful view....
5340 Rollingwood Tr
Louisville, KY 40214
5340 Rollingwood Tr Louisville, KY 40214
1 of 22
$220,000
Subdivision: Kenwood Estates
BEDS
3
BATHS
3
SQ.FT.
2,431
BUILT
1962
ON SITE
1Day
MLS
1517218
Almost 2525 square feet finished. Very nice floor plan with 2 1/2 updated baths. Large family room and sunroom in the back with nice view. Master bedroom with master bath on 3rd level. 2...
4607 Balamor Dr
Louisville, KY 40216
4607 Balamor Dr Louisville, KY 40216
1 of 11
$89,900
Subdivision: Idle Hour
BEDS
3
BATHS
2
SQ.FT.
1,100
BUILT
1964
ON SITE
1Day
MLS
1517225
Don't miss this one!! 3 bedroom 1.5 bath stone ranch with carport and a detached 2 car garage. Large corner lot. Unfinished basement. Sold ''AS-IS''. No FHA or VA. Seller requires pre-approval and...
5509 Alicante Ln
Louisville, KY 40272
5509 Alicante Ln Louisville, KY 40272
1 of 41
$165,000
Subdivision: Leemont Acres
BEDS
3
BATHS
2
SQ.FT.
1,825
BUILT
1969
ON SITE
1Day
MLS
1517229
Welcome to this great starter home on a HUGE corner lot! The home offers tons of space with a formal family room, a 1 car garage converted into a spacious living room, and a partially finished...
6304 Rivers End Dr
Louisville, KY 40258
6304 Rivers End Dr Louisville, KY 40258
1 of 13
$165,000
Subdivision: Rivers End
BEDS
3
BATHS
2
SQ.FT.
1,545
BUILT
2008
ON SITE
1Day
MLS
1517231
BEST OF BOTH WORLDS! This owner has set aside a full $10,000.00 decorating allowance for this property! You get to choose your paint and colors for each room, pick out your own carpet and kitchen...

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