Oakland County Real Estate Market Report April 2018

In this Oakland County Market Report, you’ll find the average home price, months of inventory, list to close ratio, average prices per square foot, the total number of sales and listings, volume of sales and listings and more information you might use in a real estate decision for the area. Please call Joshua Norber Team at 248-785-3737 to buy or sell real estate in Oakland County or Metro Detroit.

You can view the entire Metro Detroit Real Estate Market Report Here.

Oakland County, Michigan encompasses 907 square miles and is home to 1.242 million people as of 2015. With hundreds of lakes and waterways, Oakland County offers excellent waterfront living, all sports lakes, lake access and canal housing along with a myriad of outdoor and water-based activities. Oakland County is the highest-income Michigan location by per capita income.

• Detroit Zoo
• Cranbrook Institute of Science
• Kensington Metro Park

• Holocaust Memorial Center
• Island Lake Recreation
• Dodge #4 State Park

The Oakland County Real Estate Market has continued to decrease the number of homes for sale while buyer demand remains strong. This resulted in 1,231 single family homes sold for March 2018, and 384 condominiums sold. This is a -5.5% decrease in homes sold and -4.4% increase in condos. Oakland County median price range increased 4.4% from March 2017 to $250,500 with single-family homes sales averaging $302,401 during March 2018.

For more information on recent home sales in Oakland County, contact Joshua Norber or call 248.785.3737.

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How does a listing expire in a Seller’s Market?

There are many reasons that cause homes not to sell. There could be competition in the neighborhood that is priced more attractive or that shows better. Sometimes the best features of a home are not highlighted, and this means missed opportunities. Homes with pets or renters can present a host of problems. I find in many of our Metro Detroit areas that homes that are not updated or cluttered are very common.

If you’ve had your home for sale and you’re frustrated not selling it, the most likely answer is you need a more experienced agent. Let Joshua Norber know right away or call 248.785.3737 now.

If you enjoyed the April Oakland County Market Report, you may like the April 2018 Market Report for Metro Detroit.