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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1697 Properties
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$169,500
Subdivision: Dorsey Village
2
Beds
2
Baths
1,350
Sq.Ft.
2009
Year Built
2
Days on Site
1563450
MLS
Great opportunity for an end unit condo in Dorsey Village...with an attached garage! This freshly painted unit features a highly functional layout, with a vaulted ceiling in the Great Room and 9'...
$299,000
Subdivision: Brookfield
4
Beds
3
Baths
2,155
Sq.Ft.
2014
Year Built
2
Days on Site
1563452
MLS
NEW LISTING! Check out this 4 bedroom 3 full bath home located on a cul-de-sac in the desirable neighborhood of Brookfield!This homes features new luxury VP flooring, a large eat in kitchen...
$155,000
Subdivision: Valley Downs
4
Beds
1
Baths
1,208
Sq.Ft.
1956
Year Built
2
Days on Site
1563454
MLS
If you are looking for a 4 bedroom with a HUGE private yard...HERE IT IS....Located on a quiet dead end street. This home has been adorably remodeled and is MOVE-IN Ready! It offers a Covered Rear...
$155,000
Subdivision: Korfhage
2
Beds
1
Baths
1,367
Sq.Ft.
1956
Year Built
2
Days on Site
1563455
MLS
If you are looking for an Adorable Move-In ready home with tons of Charm look no further. This one has it all....Covered Front Porch, Large Granite Kitchen Island, Stainless Appliances, Hardwood...
Open 7/5
929 Franklin St Louisville, KY 40206
$419,000
Subdivision: Butchertown
2
Beds
2
Baths
1,625
Sq.Ft.
2006
Year Built
2
Days on Site
1563457
MLS
Welcome to 929 Franklin Street in NULU. This Single Family Home has been completely updated with 2 Bedrooms, 2 Full Baths, 1 Car Garage, fully fenced back yard, elevated rear deck off of the Master...
$369,900
Subdivision: Shaffer Farms
5
Beds
3
Baths
3,086
Sq.Ft.
2007
Year Built
2
Days on Site
1563456
MLS
Beautiful Walkout Ranch. Located at dead end of street. Private Yard. All Brick. 5 bedrooms. Open floor Plan. Hardwood Floors first floor. Great room with fireplace. Dining Room, Kitchen has plenty...
$425,000
Subdivision: Dorsey Pointe Townhomes
4
Beds
3F11/2
Baths
2,638
Sq.Ft.
2010
Year Built
2
Days on Site
1563458
MLS
Very Rare Find And A Highly Convenient East End Location As Well!. This upscale customized town home features an open floor plan with gorgeous staircase, hardwood flooring and enormous finished...
$979,000
Subdivision: Lake Forest
7
Beds
4F11/2
Baths
7,490
Sq.Ft.
2008
Year Built
2
Days on Site
1563459
MLS
This Is The One! Come see this FABULOUS, completely UPDATED 7 Bedroom, 4 Full, 1 Half Bath Custom-Built home with 7,490 sq. of finished living space. Built in 2008, this home offers high end...
Open 7/5
8105 Devonshire Dr Louisville, KY 40258
3
Beds
2
Baths
1,775
Sq.Ft.
1961
Year Built
2
Days on Site
1563462
MLS
FIRST Showings Sunday July 5th 2pm-4pm! Wow! check out this completely remodeled home ready for the next owner. The home has been completely remodeled with new kitchen, appliances, bathrooms,...
$335,000
Subdivision: Broeck Pointe
4
Beds
2F11/2
Baths
2,995
Sq.Ft.
1978
Year Built
2
Days on Site
1563463
MLS
Enjoy your summer in beautiful Broeck Pointe at 3220 Broeck Pointe Circle. This move-in ready home features numerous updates and offers a first floor with a large hearth room with stone fireplace,...
$194,900
Subdivision: Wedgewood Manor
4
Beds
2
Baths
1,344
Sq.Ft.
1955
Year Built
2
Days on Site
1563467
MLS
Welcome home to this nicely updated cape cod! First floor has beautiful original hardwood floors ,updated bathrooms, and 2 spacious sized bedrooms. You also have an open kitchen and living room...
4
Beds
2
Baths
1,836
Sq.Ft.
1936
Year Built
2
Days on Site
1563468
MLS
Selling ''AS IS''. Great Commercial potential. Additional 2 acres adjacent to the rear of the property for $120,000

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