November 2020: Oldham County KY Real Estate Market Summary
November 2020: Oldham County 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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