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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