2nd Quarter 2010 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 84 homes sold during the 2nd quarter of 2010 in the City of Oak Creek WI (up from 36 last quarter and up from 62 during the same period in 2009.) The monthly break down is as follows:

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• April – 27 homes sold
• May – 32 homes sold
• June – 25 homes sold

There were 152 active listings in Oak Creek, WI as of 12 July 2010 of which 16 have accepted offers.  There are an additional 5 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 2nd quarter 2010 were on the market, an average, 136 days. Homes were selling for 96.10% of last asking price and 87.22% of assessed value. Based on the sales data for the quarter, there is currently a 5-6 month supply of inventory in the Oak Creek, WI Market. I expect that with the expiration of the tax credit that we will see the supply of inventory increase as fewer homes are sold over the next few months. There was a total of $17,965,960 in sales volume translating into an average sales price of $222,558.   The lowest sold price of a home this quarter was $43,000 and the highest priced sale came in at $424,760. From what I could determine looking at the tax records and the MLS data, there were 11 foreclosure sales and 4 short sales during the quarter. Below is a spreadsheet showing the breakout by month of the sales. Also below are 3 pdf links that provide monthly detailed property info on sold properties. If you are thinking about selling your home please feel free to contact me any time. ~Troy

(all data collected using the Metro-MLS 7/14/10)

Solds MLS Data Sheet April 2010
Solds MLS Data Sheet May 2010
Solds MLS Data Sheet June 2010