April 2010 Real Estate Activity for Oak Creek & the End of the $8000 tax credit. What does that mean?

By
Real Estate Agent with First Weber Group/short sale/cdpe/gri

There were 28 sales with an average sold price of $187,008 with a orignal list to sales ratio of 94.38 and 161 days on the market.  There are also 21 accepted offers with future closing dates. 

April 2010 there were 4 more sales than there was in 2009 or a 16.7% increase. However, there were 8 fewer new listings this year than last year which is a 13% decrease.

There are currently 301 properties on the market with an average of 261 days on the market.

Looking at year to date numbers, there have only been 77 sales this year, compared to the 83 sold in 2009.  There were 11 accepted offers in April but even so it does not appear that the $8000 credit assisted the oak creek market with less sales this year than last.

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Rainer
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Keith Manson

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