Oak Creek Realestate Market update for May 2009

There were 27 sales in May 2009 with and average sold price of $207,931 with an average list to sale ratio of 97.39%.

There are 21 accepted offers with future closing dates. Those properties have been on the market 149 days and have a average list price of $209,204.

Compared to last year, there were 7 less closings or a reduction of 23.3%, but the average price increased 7.4%. This year the added listing increased 11 more than they did in 2008 or a increase of 22%.

The current listing inventory is 314 properties which have been on the market an average of 213 days with an average list price of $263,199.

Keith Manson

First Weber Group

Certified Distressed Property Expert