Louisville, KY - Local Housing Data - Summary

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Louisville/Jefferson County, KY, IN

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Louisville, KY Local News

  • And The Winner is… Kentucky!

    Peak-to-current house price appreciation has proven its uncanny ability to predict Final Four game winners, including both of the semifinal games and the national championship in 2012, and the semifinal and championship wins by Louisville in 2013.

  • Louisville, KY - November 2013 - New Home Closings Figures Signal Market Rise Slowing

    New home sales climbed in November. The percentage of new home closings belonging to single family homes rose, climbing 12.2% percentage points. The percentage of new home closings belonging to attached homes dropped, falling 12.2% percentage points. Average prices of new homes moved up, rising 21...

  • Louisville, KY - October 2013 - Figures for New Home Closings Suggest Climb Gaining Steam

    New home sales rose in Louisville, KY in October. Mortgage amounts on new homes moved up, rising 39.5%. The percentage of new home closings belonging to single family homes rose, climbing 12.4% percentage points. Foreclosures as a percentage of existing home closings dropped, falling 17.5%...

New Home Prices Climb in Louisville According to Recent Figures, Sales Fall

Posted on: Apr 06, 2014 07:24:52 AM

In December, there was a fall year-over-year in new home closings in the Louisville, KY market, moving downward after a lift in November 2013. New home closings saw a drop of 14.3% from the year earlier to 54. In comparison, new home closings in the same month last year saw a 57.8% climb year-over-year in November.

A total of 794 new homes were sold during the 12 months that ended in December, down from 803 for the year that ended in November.

Out of all housing closings, new home closings accounted for 5.6%. New home closings were 5.2% of overall closings last year. After rising year-over-year in November, closings of new and existing homes declined year-over-year in December.

Pricing and Mortgage Trends

Average price of newly sold homes had a 13.6% rise year-over-year to $348,650 per unit in December. This surge is smaller than the 22.3% boost in November year-over-year.

The average mortgage size on newly sold homes saw a rise year-over-year along with new home prices. It increased 11.6% in December from a year earlier to $276,380. Average mortgage size gained 17.1% in November 2013 from a year earlier.

 
 
 

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