Nir Ben Simon, Home Buyer in Oak Park, MI

hey, i saw that there is a dramatic decrease of houses sale at oak park compare to last year. am i right and what's the reason for this drop?

Asked by Nir Ben Simon, Oak Park, MI Sat May 26, 2012

Help the community by answering this question:


There is just simply less houses on the market to purchase due to low inventory of available homes.

If you have any further questions please let me know.


Joe Bertera
0 votes Thank Flag Link Tue May 29, 2012

The number of sales, median and average sales price has decreased in Oak Park.

Jan-Apr 2011 (all sales) Jan-Apr 2012 (all sales)
# of sales = 142 # of sales = 130
Median Price = $39,000 Median Price = $31,750
Avg. Price = $43,230 Avg. Price = $35,750

Jan-Apr 2011 (only priv. sales) Jan-Apr 2012 (only priv. sales)
# of sales = 65 # of sales = 47
Median Price = $45,000 Median Price = $43,500
Avg. Price = $52,226 Avg. Price = $46,972

There has been a slight drop in the median price of private sales.
A majority of the decrease in overall sales (median price) can be contributed to REO properties.


Mike Warren
Keller Williams Realty
0 votes Thank Flag Link Sat May 26, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer