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January 2022 market

January 2022 Market Update for Oakland County

The January 2022 market stats reflect fewer active homes for sale compared to January 2021. There is an 18.25% decrease year over year. In addition, January’s sales declined by 14.4%. The deficits have been growing smaller over the last few months (check out our previous market updates!)

 

On the other hand, the list-to-sale price ratio in this current January was a bit higher than 2021 with an increase of 0.7%. The current ratio** sits at 100.0% which means sellers are receiving the full amount of their 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 the previous year with most homes sitting on the market for 33 days compared to last January’s average of 36 days for market time. Between the two years, the market time has decreased by 8.33%.

Rounding out, the January 2022 market saw market times move a bit faster, a strong list-to-sale price ratio, fewer homes available, and the consequent fewer 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 need some solid advice, give us a call 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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