Oxford Real Estate, Real Estate For Sale in Oxford Michigan, Market Report January 2014.
This real estate market data for Oxford MI, includes homes for sale, foreclosed homes, bank owned properties and sold real estate in Oxford MI.
Market snapshot: compared with last year, January 2013 vs January 2014
Average home value is $199,000 / up 10.4%
Average listing price is $235,000 / up 47.0%
Average days on market is 32 days / down 48.0%
Total sales volume is 37 transactions / up 15.6%
Months of home inventory is 7 months / down 13.0%
With inventory levels down 13% and days on market down 48%, this explains the increase in listing prices. Even with the increases total sales are still up about 16%. Don’t wait on the sidelines for too long, many of our listings are selling within a few days of hitting the market.
Sample of pending listings:
Leighton Ln, $214,900 / 4 beds, 2156 sq.ft, decking
Keble Ln, $164,500 / 3 beds, 1722 sq.ft, basement
Sample of expired listings:
Pocahontas Trl, $114,900 / 367 days on market, short sale
Sample of distressed listings:
Gill St, preforeclosure / 3 beds, 1072 sq.ft, basement
For more detailed information on how we can match your home with the right buyers for the right price, contact us direct at 1-810-338-0628 or email us at firstname.lastname@example.org TODAY!
Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty