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December market

December Market Update Oakland County 2021

The December market stats reflect fewer homes available compared to the previous December. There is a 31.79% decrease in inventory year over year. In addition, December’s sales declined by 29.97%.

 

On the other hand, the list-to-sale price ratio in December was a bit higher than last’s average with a 0.8% increase. The current average ratio sits at 100.2% which means that on average, sellers received their full listing price or more.

The average number of days on market is a bit faster with most homes staying on market for 28 days compared to last December’s 32-day average. The market time has decreased by 12.50%.

Rounding out, the December market had slightly fast market times, an increase in list-to-sale price ratio, and lower actives & sales.

If you would like a current market analysis for your home, we will gladly pull one together and discuss it at your convenience & on your terms. Simply reach out here: Contact Us. 

If you are looking to sell, buy, or even if you need advice, reach out because we are always here.

Statistic Disclaimer: We’ve interpreted the current market data as reported by our Multiple Listing Service and CoreLogic.

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