Highlands area homes saw their asking prices drop just a bit this past week, but overall, zip codes 40204 and 40205 have seen their home prices stay fairly stable over the past few weeks and months. In the graph below, the gold line measures the asking prices of homes for sale in 40205, while the black line measures home prices in 40204. As you can see, 40205 has been hovering just over $275,000 for quite a few months now, while 40204 has seen a bit more volatility, but has stayed pretty close to $225,000.
Louisville Real Estate Highlands Price
If you have any questions about Louisville Highlands homes for sale, or Louisville real estate in general, please visit my website at www.GregFly.com. Also, please feel free to call anytime or send me an email at greg@gregfly.com.
As a service to all of my clients, past, present and future, interested in real estate stats from the Highlands neighborhoods from Louisville, I like to share some charts and graphs every week showing current market trends. Here is a graph showing the current asking price of homes for sale in the Highlands this past week and the previous six months. I have broken the Highlands down into two zip codes, 40204 and 40205, which should pretty much take care of the entire part of Louisville that people would consider the Highlands.
Louisville Real Estate | Highlands Prices
For the past several weeks, prices of active homes have been pretty steady, and really haven’t deviated too much. This stat by itself doesn’t give us too much insight into where the market may be headed, so I also like to look at a few different statistics to help round out my observations.
Homes For Sale Louisville | Highlands Inventory
Again, a bit of the same story. There has been a little movement as far as inventory is concerned, but overall, we really haven’t seen a big decrease or increase the past few weeks, just little movements here and there. Taken together with the price staying pretty flat, I think it might be fair to say that we are right in the middle of a flat market, with some sellers trying to get their homes sold quickly, some sellers willing to wait the market out, and then some others getting ready to take their homes off the market and then try again in the spring.
If you have any questions about Louisville Highlands real estate, or Louisville real estate in general, please visit my website at www.GregFly.com. Also, please feel free to call anytime or send me an email at greg@gregfly.com.
Every week, I look at various parts of town, and give a real quick read of the data available for homes for sale. Today, I am looking at the Highlands, which I have broken down into zip codes 40204 and 40205. If you look only at the trend line for 40205, the top line in gold, you will see that home prices have been pretty stable over the past few weeks, and even months. The pricing of homes for sale in 40204 haven’t been quite as steady, and we have seen some pretty significant decline over the past two or three months, almost $20,000 since mid-August.
Here is a graph showing the latest data I have for asking prices for homes for sale in the Highlands neighborhoods of Louisville. More specifically, this graph is for zip codes 40204 and 40205, which is the bulk of the Highlands, but since everybody has a different definition of what the Highlands actually consists of, it makes it a bit simpler if I go with zip codes.
Louisville Real Estate | Homes For Sale Highlands Prices
No too much out of the ordinary here. 40205, which is the gold line on the graph, seems to be holding steady around the low $280,000′s, maybe even rising a bit, over the past few weeks or so. This is up from around $255,000 in mid April. Home prices in 40204 are a bit of a different story, with prices falling the last few weeks, but still up significantly since late April. (more…)
Here is this week’s installment of the chart I get asked about the most, but is the most difficult to explain: The Median Market Action Index. Today I will discuss the Action Index for the Highlands neighborhood of Louisville, or at least the zip codes of 40204 and 40205, which cover homes for sale in the Highlands. First, keep in mind, that since I am looking at two zip codes, there will be two lines on the graph, and don’t necessarily have to be doing the same thing! The most important thing to remember is that 30 represents a neutral market (which we haven’t seen in some time!) and anything below 30 is a buyer’s market, with the further below 30 we go, the stronger the buyer’s market it is. With all of that said, here is the graph:
Louisville Highlands Real Estaet Market Index
Back in May, we had a really short surge in home sales and activity, enough to push us into a Seller’s market. But it appears that was simply an aberation, since we were back to a buyer’s market in just a week or two! Since that point, it appears that both zip codes have been spending most of their time in between 15 and 20 on the Market Action Index, which is pretty solidly in a buyer’s market. Let’s keep an eye on these numbers and see if they don’t start to dip a bit as we enter the fall selling season, a traditionally slower part of the year.
If you have any questions, please don’t hesitate to visit the most complete website about homes for sale Louisville at www.GregFly.com. You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.
For homes for sale in Louisville Highlands, DOM is rising while home inventory levels are dropping, just a bit. As I look over available data for the zip codes of 40204 and 40205, I noticed that the inventory levels for both zip codes, which basically make up the Highlands area of Louisville, have fallen off, just a bit. In the past week, it looks like 40205 lost about 15 homes out of inventory, while 40204 lost only a few homes. It will be interesting to see if this reduction in home inventory results in closings or if a few sellers have simply gotten frustrated and taken their house off the market.
Louisville Highlands Real Estate Inventory
Also of interest is how long homes currently for sale in the Highlands have been on the market. In the graph below, you can see that the time on the market has been on a fairly steady rise, and the past few weeks don’t seem to be bucking the trend. Instead, it appears that in the past week, there was a pretty good size jump in just how long homes have been on the market.
Louisville Highlands Real Estate Days On Market
If you have any questions, please don’t hesitate to visit the most complete website about homes for sale Louisville at www.GregFly.com. You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.
If you have any questions, please don’t hesitate to visit the most complete website about homes for sale Louisville at www.GregFly.com. You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.
More and more home owners in The Highlands neighborhood of Louisville have been reducing their asking price as homes continue to sit on the market for longer and longer periods of time. I have included a graph with data from 40204 and 40205, and you can clearly see that as fall approaches and people are getting nervous about heading into winter without a sale, sellers are increasingly lower their asking price to try and encourage an offer.
Louisville Highlands Real Estate Price Reductions
If you have any questions about homes in The Highlands, please don’t hesitate to visit the most complete Louisville Highlands homes website at www.GregFly.com. You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.
As part of my weekly break down of real estate activity for the Highlands I like to look over quite a few different measurements. Two of the measurements I use to gauge activity levels in the Highlands are the length of time homes stay on the market, as well as what sellers are asking for their homes. When we look at these trends on a weekly basis, we get an idea of how the market is behaving and can get ahead of the real estate market much better than people who use data from sold homes, that usually trail active data by about 2 months. First, here is the graph for prices for active homes in the Highlands, and after that will be the graph for how long homes are on the market.
Prices for active homes in The Highlands
Days On The Market for Homes In The Highlands
If you have any questions about homes in The Highlands, please don’t hesitate to visit the most complete Highlands Ky homes website at www.GregFly.com. You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.
More homes came on the market again this week in the Highlands than were absorbed, meaning that, once again, home inventory levels rose a bit. I have included a graph below for the Highlands real estate market, including the zip codes of 40204 and 40205. Just in the past week, it looks like 40204 levels rose just a small amount while 40205 levels remained relatively level, but the overall trend seems to be up, and until we can sell a few more homes than come on the market, this seems to be the trend for the foreseeable future.
Highlands home inventory levels rise
If you like, we can even break it down more explicitly. Here are two graphs, one showing new listings coming on the market, and the second showing listings being absorbed into the market. Oh, if only the first graph had higher numbers than the second, then we might be moving more quickly towards a neutral market, instead of staying so solidly in a buyer’s market. It looks dead even for 40205, and for 40204, it looks as if 1 or 2 more homes came on the market than were absorbed.
Louisville Highlands new listings
Highlands homes absorbed on a weekly basis
If you have any questions about homes in the Highlands, please don’t hesitate to visit the most complete Highlands Ky homes website at www.GregFly.com. You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.
