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December 2020: Oldham County Market Summary

December 2020: OLDHAM COUNTY MARKET SUMMARY

December 2020: Oldham County Market Summary

Happy New Year! The December 2020 Oldham County market summary is in!

Compared to our November report, housing inventory remained low. The average cumulative days on market continued to drop from November 2020. Overall, there has been a 20.5% decrease in the number of active listings in Northern Oldham County in 2020 compared to 2019. Southern Oldham County saw an 8% decrease in total active listings from 2019 to 2020.

The absorption rate (number of available homes during a given period of time divided by the number of homes sold) continued to dip compared to November 2020. This shows us we are still in a seller's market. As we move into the spring, we should see an increase in listings as the spring and summer is when most homeowners sell their home.

Let’s take a look at our findings for December 2020: 

SOUTHERN OLDHAM COUNTY

December 2020 December 2019
Absorption Rate 1.02 2.57
Average List Price $459,461 $436,808
Median List Price $367,000 $379,950
Average Sale Price $399,948 $334,284
Median Sale Price $337,500 $309,000
Average CDOM 27 63
Medium CDOM 10 26

NORTHERN OLDHAM COUNTY

December 2020 December 2019
Absorption Rate  1.31 3.11
Average List Price $1,034,744 $714,602
Median List Price $594,475 $496,500
Average Sale Price $382,522 $349,899
Median Sale Price $387,000 $292,000
Average CDOM 46 111
Median CDOM 8 49

If you have any questions about the Oldham County real estate market, feel free to contact the Hollinden Team.  Thinking about selling your home? Find out how much it's worth with our free and instant market report

Source: Greater Louisville FlexMLS 

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