Louisville Area Home Sales up 6.3% Year-to-Date with 5.5% Increase in Prices
The Greater Louisville Association of Realtors® (GLAR) reported year-to-date sales up 6.3%, with 1,732 homes and condos sold versus 1,629 at the same point last year. Sales were up 0.5% in February 2015 (848 units) compared to February 2014 (844 units), and the average selling price in all Multiple Listing Service (MLS) areas was up 5.5% compared to the same month last year. The median price in Jefferson County was up 3.7% and the average was up 1.6% due to the specific mix of homes sold. For all MLS areas, the inventory of available properties remains 11% lower than the same month last year. In Jefferson County, inventory is recovering slightly, but is still 6.1% lower than February 2014.
GLAR President Paula Colvin commented that, “members saw strong sales in February with multiple offers on properties in several areas of the market, which is something we would typically see in the spring and summer months.” She also added that, “the inventory of homes available for sale has rebounded from 11% lower to 6% lower, and we anticipate more sellers putting their homes on the market in March.”
| All MLS Areas | Feb. 2014 |
Feb. 2015 | % Change | Jan. 1- Feb. 28, 2014 | Jan. 1-Feb. 28, 2015 | % Change | |||
| Houses Sold | 844 | 848 | 0.47% | 1,629 | 1,732 | 6.32% | |||
| Averages Selling Price | $158,929 | $172,540 | 8.56% | $160,375 | $169,305 | 5.57% | |||
| Median Selling Price | $131,950 | $144,000 | 9.13% | $130,000 | $139,250 | 7.12% | |||
| # of Active Listings Placed into Pending Status During February | 1039 | 1211 | 16.55% | ||||||
| Active Listings at February 15 | 6065 | 5397 | -11.01% | ||||||
| Jefferson County | Feb. 2014 |
Feb. 2015 | % Change | Jan. 1- Feb. 28, 2014 | Jan. 1-Feb. 28, 2015 | % Change | |||
| Houses Sold | 578 | 594 | 2.77% | 1117 | 1232 | 10.30% | |||
| Averages Selling Price | $162,821 | $170,361 | 4.63% | $164,032 | $166,637 | 1.59% | |||
| Median Selling Price | $132,000 | $135,000 | 2.27% | $130,000 | $134,900 | 3.77% | |||
| # of Active Listings Placed into Pending Status During February | 692 | 845 | 22.11% | ||||||
| Active Listings at February 15 | 3518 | 3301 | -6.17% | ||||||
| Oldham County | Feb. 2014 |
Feb. 2015 | % Change | Jan. 1- Feb. 28, 2014 | Jan. 1-Feb. 28, 2015 | % Change | |||
| Houses Sold | 46 | 51 | 10.87% | 90 | 97 | 7.78% | |||
| Averages Selling Price | $260,324 | $249,701 | -4.08% | $240,216 | $260,550 | 8.46% | |||
| Median Selling Price | $225,750 | $239,900 | 6.27% | $201,000 | $240,287 | 19.55% | |||
| # of Active Listings Placed into Pending Status During February | 70 | 65 | -7.14% | ||||||
| Active Listings at February 15 | 382 | 322 | -15.71% | ||||||
| Bullitt County | Feb. 2014 |
Feb. 2015 | % Change | Jan. 1- Feb. 28, 2014 | Jan. 1-Feb. 28, 2015 | % Change | |||
| Houses Sold | 62 | 50 | -19.35% | 102 | 99 | -2.94% | |||
| Averages Selling Price | $138,705 | $165,424 | 19.26% | $148,065 | $155,717 | 5.17% | |||
| Median Selling Price | $128,200 | $143,750 | 12.13% | $130,000 | $137,900 | 6.08% | |||
| # of Active Listings Placed into Pending Status During February | 74 | 78 | 5.41% | ||||||
| Active Listings at February 15 | 420 | 323 | -23.10% | ||||||
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