Market Reports

Flash-Local real estate professionals are elated over latest stats showing how hot the Jefferson County real estate market and sales have become.  According to Metro Search Inc. statistics, 37% of the homes on the market in Jefferson County have been selling in 20 days or less. That includes the peak period of the real estate bubble in 2005 when 26% of the homes on the market sold in 20 days or less. Some experts are saying that some homes are actually selling in the first few days on the market. Home sales in Jefferson County for the first five months of this year are up 17% over the same period last year. Sales are pending on about 29% of the homes on the market in...

On the heels of the recent welcome news about Louisville’s consistently low cost of living compared to the national average, a new announcement from the U.S. Conference of Mayors that took place this week brings Louisville home owners even more good news. Louisville received top prize among cities with over 100,000 residents for being the”most livable city” in 2012.

The City Livability Award seeks to recognize mayors and municipal governments for enhancing the quality of life in urban areas. In total, 10 cities are recognized each year; a first place award and four outstanding achievement awards go cities in two separate categories - cities with less than 100,000 residents and those with more than 100,000 residents.

Featured in the award announcement was Mayor Greg Fischer’s focus on community service through his “Give A Day” Week initiative. At the beginning of his term, Mayor Fischer vowed to help Louisville become known as one of the...

Louisville real estate has rebounded from the effects of the housing bust that lowered home prices and triggered a national recession. In fact, in February members of the Greater Louisville Association of Realtors sold 26 percent more houses and condominiums than they did a year ago at this time, and February marked the eighth straight month in a row of higher sales figures.

Just what accounts for the increases in home purchases? Analysts believe that the dual forces of stronger consumer confidence in the economy and the improving job market are propelling the recovery. Certainly, no one is ready to say that the recession is completely behind us. But according to the U.S. Bureau of Labor Statistics, the month of January saw 15,000 more jobs available in Greater Louisville than during the same month of the previous year. As reported in the Courier-Journal, Louisville and Southern Indiana have...

It’s very important to understand the current market conditions when buying or selling St Matthews real estate. Below is a list of the homes that have sold and closed in the St Matthews (40207) area in the last 45 days.  From this chart you can see that in many cases, sellers are taking considerably less than asking price to sell their homes. 

The absorption rate for St Matthews KY homes (40207) is 8.6 months. What this means is, based on the current sales rate, if no additional homes came on the market, it would take 8.6 months for all of the currently listed homes to sell. This indicates an oversupply of available homes in the St Matthews area as an absorption rate of 5 months is considered a balanced market. As a buyer this is good news as you can get some great deals in this type of market. 

Currently there are 232 homes for sale and pending sale in Louisville’s St Matthews area. The average sales price of the homes that have sold is $264,906...

Data compiled from the Greater Louisville MLS (Multiple Listing Service). Deemed reliable, but not guaranteed.

make an educated decision.


There are currently 271 home on the market in the Louisville Highlands area and 22 in pending status

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