Inventory Update:

The May data is in and supports the continued strong seller's market in Oakland County real estate. The inventory is basically flat up only 0.5% from May 2018 however shows tremendous incline from April 2018 relieving some of the inventory chokehold. Closed sales are down YOY due to the inventory shortage, but homes going pending in May is up sharply 10+% from 2018.  

Oakland County Real Estate Pricing Trend:

Home pricing trends are flat pretty much accross the board in Oakland County with a very slight decline overall. The median price per square foot (not shown in the insight report below) is relatively flat year over year as well only up $1 to $150/square. Overall sellers are commanding a 97.3% of their original list price with many buyers still finding themselves in a bidding war in Oakland County with the lack of inventory. Furthermore, sellers who list at the right price can expect to receive and accept an offer within average 11 days of listing their home for sale. 


The market demand still needs more homes for sale if you have been thinking of listing call The Hartwig Team at RE/MAX Suburban to get a FREE market analysis for your home- 586-330-1248 or email us at sold@thehartwigteam.com