Oakland County Michigan Real Estate Homes for Sale

Oxford MI Home Sales


Oxford MI home sales - The amount of units sold and the average sales price was about the same in 2015 as in 2014. The median sales price was up a bit. Distressed sales were down. Houses sold within 3% of asking price on average.

Over the next few weeks, I will be blogging about Oxford MI sales in more detail and they will display at the bottom of this page.

For a more accurate look at what your house may be worth you need to look more locally; I have a handful of subs and several lake communities linked below with current sales data.

Oakland County Neighborhoods

Oakland County Lakes

Below are some charts and graphs with Oxford MI/Oxford Township sales data.

Jackie Hawley
ReMax Encore, Clarkston MI
Cell: (248) 736-6407

Jackie@JackieHawley.com

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Oxford MI Home Sales


year       

units sold      

avg sale price

median sale price

2000

222

$216,693

 

2001

234

$243,161

 

2002

196

$243,309

 

2003

259

$242,314

$219,900 

2004

293

$256,147

$227,500

2005

276

$278,928

$251,000

2006

180

$266,157

$237,450

2007

183

$242,553

$218,450

2008 216 $206,882 $186,738
2009 247 $164,632 $140,000
2010 256 $174,454 $159,195
2011 239 $161,413 $148,000
2012 252 $172,422 $169,451
2013 302 $219,208 $209,950
2014 318 $250,127 $226,000
2015 319 $249,245 $235,000

oxford mi home sales median sales price oxford michigan


You can see from the charts below, the average sales price every month in 2013 beat the same month from the previous year.

oxford mi home sales prices

When you compare 2012 to 2011 you can see the lines criss crossing, but 2012 prices were higher than 2011 more times than not.

oxford mi home sales

When you compare 2010 and 2011 (below) you get a criss crossing but with 2010 coming out on top more than 2011 indicating 2010 through 2012 were stabilizing with improvement.

oxford mi home sales

Prices have been increasing and more higher dollar homes have been selling. There has also been a huge reduction in distressed home sales (short sales and foreclosures). Distressed sales only made up about 25% of the total sales in 2012; in 2009 distresses sales made up 58% of the total sales in Oxford MI. Low inventory is also contributing to the rise in home prices. On Feb. 20, 2014 there were only 103 active listings- that's about a 3 month inventory.

Prices have continued to escalate into 2014. January sales are up by a couple units, over a half million in volume and the average sales price is up a little over 3 1/2%. Hopefully this continues through the year and beyond.

 


Local Market Conditions


Interest rates are low- super low. How low? Low enough you can pay today’s prices for a smaller payment than 2008 prices with 2008 interest rates. Last week’s rates for a 30 fixed with 20% down and a half point was 3.625%. With good credit of course. A few weeks ago you could get a […]

If you tried to sell your Lapeer County Lake house last year with no success, AND you were a fairly high priced listing, do not despair. It was not your house- it was the market. In 2014 there were only 4 lakefront sales over $600,000 and all 4 were on acreage. 2 of those were […]

Lake Orion MI Home Sales- Market Update Unit sales are down and average and median sales prices are up. Or are they? Lake Orion, MI is recovering from a housing crisis that lasted close to a decade. Statistics show that prices started dropping in 2006. I felt it in 2005. In 2009 the amount of […]

Oxford MI Home Sales- Trend or Anomaly? Trend! You can see from the charts below, the average sales price every month in 2013 beat the same month from the previous year. When you compare 2012 to 2011 you can see the lines criss crossing, but 2012 prices were higher than 2011 more times than not. […]

Oxford MI home sales – units, prices and total sales volume were up significantly (2013 over 2012). Unit sales in 2013 were up 16% from 2012. The average sales price was up 21% from 2012 and up 26% from 2011. Volume sales were up almost 22 million from 2012 and distressed sales were down significantly. […]