3rd Quarter Statistical Analysis Single Family Home Sales Oak Creek, Wisconsin

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

There were 64 homes sold during the 3rd quarter of 2009 in the City of Oak Creek, WI. The monthly break down is as follows:

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• July- 24 homes sold
• August- 24 homes sold
• September- 16 homes sold

There are 131 active listings in Oak Creek, WI as of 6 October 2009 of which 16 have accepted offers. There are an additional 19 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 3nd quarter 2009 were on the market, on average, 127 days, down 62 days over the 2nd quarter. Homes were selling for 95.58% of last asking price (down slightly from last quarter) and 86.28% of assessed value (up slightly from last quarter.) Based on the sales data for the quarter, there is currently a 6.14 month supply of inventory in the Oak Creek, WI Market which is down from last 2 quarters. There was a total of $14,195,319 in sales volume which translates into an average sales price of $221,802 (down about $4,000 from last quarter) for the Oak Creek, WI home market.

(all data collected using the Metro-MLS 10/06/09)