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The Hollinden Team Louisville KY Real Estate Blog

November 2020: Oldham County KY Real Estate Market Summary

November 2020: Oldham County market summary

Oldham County KY Market Summary

Despite the ongoing pandemic, the real estate market is still reporting record-breaking growth. Mortgage rates remain low and the demand for housing inventory is high. We are currently still in a seller's market, making it a great time to sell your home, even in the colder months.

Let's take a look at some of the key market statistics comparing November 2019 to November 2020 for Northern and Southern Oldham County.  The absorption rate (number of available homes during a given period of time divided by the number of homes sold) has dropped. Because buyers are moving much faster than last year to beat out the competition, you will see a major drop in cumulative days on market (CDOM). With high demand and record low inventory, we also saw an uptick in median list and median and average sale prices in Northern Oldham County and Southern Oldham County. Also, the average sale price in Northern Oldham County increased by $229,420!

Check out the full rundown of Oldham County real estate market statistics below.  

southern OLDHAM COUNTY

November 2020 November 2019
Absorption Rate 1.09 2.75
Average List Price $471,528 $477,011
Median List Price $422,450 $390,000
Average Sale Price $354,736 $319,134
Median Sale Price $311,000 $288,900
Average CDOM 39 73
Medium CDOM 15 55

northern Oldham County

November 2020 November 2019
Absorption Rate  1.54 3.52
Average List Price $968,262 $738,842
Median List Price $589,000 $495,000
Average Sale Price $401,154 $428,642
Median Sale Price $367,000 $361,750
Average CDOM 45 114
Median CDOM 7 45

Looking to find your next home in Oldham County? Check out our list of all homes for sale in Oldham County. 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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