4th 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 47 homes sold during the 4th quarter of 2009 in the City of Oak Creek, WI. The monthly break down is as follows:

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• October- 21 homes sold
• November- 20 homes sold
• December- 6 homes sold

There are 108 active listings in Oak Creek, WI as of 5 January 2010 of which 6 have accepted offers. There are an additional 8 homes that are in pending status meaning that they are pretty much ready to close. (all 3 numbers are down significantly from the previous quarter.) Homes sold in the 4th quarter 2009 were on the market, on average, 99 days, a full month less than in the 3rd quarter. Homes were selling for 96.13% of last asking price (up slightly from last quarter) and 86.68% of assessed value (also up slightly from last quarter.) Based on the sales data for the quarter, there is currently a 6.89 month supply of inventory in the Oak Creek, WI Market which is up a little over last quarter. There was a total of $9,630,880 in sales volume which translates into an average sales price of $204,912 (down about $20,000 over the past 2 quarters) for the Oak Creek, WI home market.
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(all data collected using the Metro-MLS 1/5/10)