Louisville Real Estate Market Report for Area 7- This report analyzes property sales trends for Louisville homes over the last few months and versus the same time period last year. The report includes number of Louisville homes sold, average listing price, average sales price, days on market (DOM), and current inventory.
Area 7 of the Louisville MLS covers homes for sale in FernCreek, Hikes Point, and Jeffersontown (J-town). Some of the larger subdivisions in this area are Breckenridge Meadows, Glenmary, Little Spring Farms, Orchard Lakes, Saratoga Springs and Saratoga Woods.
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Key Points
- For March, most of the results for this area of Louisville are consistent with last year. DOM is higher, but this is largely reflective of the fact that many nice homes languished at the end of last year. Besides, 3 months is really not that long.
- One area of concern for Sellers could be the increased inventory. More compeitition means you really need a Louisville real estate agent who understands how to help you prepare, price, and promote your home.
- On the other hand, higher-priced homes are selling. This indicates a move away from investment grade properties. As buyers take advantage of the $8000 first-time home buyer tax credit more trade-up customers will enter the market. Good news for this area of Louisville.
Additional Market Reports (Mar 09)
Louisville Homes - Area 8 Douglass Hills, Hurstbourne, Middletown
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Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Louisville Homes.
