2nd Quarter Statistical Analysis Single Family Home Sales Oak Creek, Wisconsin

Here are the current market conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market.

There were 62 homes sold during the 2nd quarter of 2009 in the City of Oak Creek, WI.  The monthly break down is as follows:

• April- 17 homes sold
• May- 18 homes sold
• June- 27 homes sold

There are 147 active listings in Oak Creek, WI as of 22 July 2009 of which 17 have accepted offers.  There are an additional 12 homes that are in pending status meaning that they are pretty much ready to close.  Homes sold in the 2nd quarter 2009 were on the market, on average, 191 days, up 42 days over the 1st quarter.  Homes were selling for 97.06% of last asking price (up from last quarter) and 85.66% of assessed value (down from last quarter.)  Based on the sales data for the quarter, there is currently a 7 month supply of inventory in the Oak Creek, WI Market which is down from last quarter. There was a total of $14,012,701 in sales volume which translates into an average sales price of $226,011 for the Oak Creek, WI home market.

(all data collected using the Metro-MLS 7/21-22/09)