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February 2022

February 2022 Market Update Oakland County

The February 2022 market stats reflect fewer active homes for sale compared to February 2021. There is a 14.36% decline from 2021 to 2022. February’s sales are down from the previous year by 9.76%. If you are interested in following the current market trends, check out our previous updates in the market intel section.

February 2022

 

The list-to-sale price ratio has remained steady from 2021 to 2022. The current ratio* sits at 100.0% which means on average, sellers are receiving their full asking prices.

*This is an average value so there will be sales that sold for less and sales that sold for more*

The market time is slightly faster than it was in 2021 with most homes sitting on the market for an average of 31 days compared to last February’s 35 days. Looking from the previous year to the current month, the market time has dropped by 11.42%.

February 2022

Rounding out, the February 2022 market saw sell times move incrementally faster, a steady average list-to-sale price ratio, and lower inventory.

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

If you are looking to sell, buy, or need some solid advice, reach out because we are always here with zero pressure. 833-333-GWEN.

Statistic Disclaimer: We’ve interpreted the current market data as reported by our Multiple Listing Service and CoreLogic. Not all sales are reported. 

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