February 2021: OLDHAM COUNTY MARKET SUMMARY
We're back for another monthly Oldham County real estate market summary. We have seen some changes since January 2021. Absorption rates continue to dip (number of available homes during a given period of time divided by the number of homes sold) and so do the number of homes on the market. We saw an increase in average list price in Southern Oldham County from January 2021 to February 2021 as well. Overall, we are still seeing record low inventory and are in a seller's market.
Let’s take a look at the February 2021 findings: ...
january 2021: OLDHAM COUNTY MARKET SUMMARY
January brought us frigid temperatures and record low housing inventory. Looking back at our January 2017 Oldham County Real Estate Statistics blog, it shows how low housing inventory is now. Inventory is typically low most the time in winter but this year is lower than average.
In January 2017, the absorption rate (number of available homes during a given period of time divided by the number of homes sold) for Northern...
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...
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...
Oldham county real estate statistics
Compared to January 2017, we have seen a small increase in the absorption rate (number of available homes during a given period of time). However, the absorption rate is still very low. The few homes that are on the market usually have multiple offers within a day. With this being said, we are still in a seller's market. If you are thinking about selling your home, now is the time to do it!
Let's take a look at the Oldham County real estate statistics from last month:
NORTHERN OLDHAM COUNTY
- Absorption Rate- 3.89 months of inventory ...
Welcome to 10602 Elder Lane! This five bedroom and three-and-a-half -bathroom home is located in the desirable Prospect golf community, GlenOaks. GlenOaks is accessible by taking Brownsboro Road to Worthington Lane.
As you approach this home, you will first notice the curb appeal. The landscaping is nicely maintained and...