Lowered Inventory Resulting in Higher Median Prices, Lapeer & Oakland Counties

By
Real Estate Agent with Coldwell Banker-Shooltz Realty
http://actvra.in/GsD

Lowered inventory resulting in higher median prices in Lapeer and Oakland Counties. Home sales start 3rd quarter strong with solid gains.

* Average days on market for the entire MLS decreased by 12 days, from 88 to 76
lowered inventory resulting in higher median prices in lapeer and oakland counties* Overall, YTD sales are up by 8.6% compared to last year, 10.5% were short sales
* The average sales price for all MLS sales increased 12.5% over last year
* On market inventory declined by 15.1% from July 2011 to July 2012
* Approximately 12.5% of the on market inventory are foreclosures
* 21.3% of the on market inventory are short sales

Combined Residential and Condo Sales

Lapeer County ~ up 47.4% YTD
Oakland County ~ up 7.0% YTD

Combined Residential and Condo Median Sales Price

sold properties and days on marketLapeer County ~ up 8.6% YTD
Oakland County ~ up 20.8% YTD

For detailed information on selling or buying homes in and around Lapeer and Oakland Counties, contact us direct at 810-338-0628 or 248-969-8065 or dhorne@cbshooltz.net TODAY!

 

 

Donald Horne, Team Success Listing
Coldwell Banker Shooltz Realty
Selling Lapeer and Oakland County Real Estate

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Michigan
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Market Reports
Tags:
real estate sales
real estate inventory
oakland county real estate
lapeer county real estate

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Associate Broker, Oxford / Lapeer Homes
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