Statistical Summary For February

Monthly statistical summary for February - Realcomp

Average days on market falls as inventory continues to decline:
* Oakland County = foreclosures 59 days, non-foreclosures 144 days
* Lapeer County = foreclosures 60 days, non-foreclosures 180 days
* Oakland County = 8,230 listings = down 25.6%
* Lapeer County = 618 listings = down 23.3%

Total on market inventory was at 32,695 listings:
* 4,907 of these are foreclosures
* 27,788 are non-foreclosures
* total on market inventory is down 14.6%
* out of these on market properties 7,593 are short
   sales
* total average days on market decreased by 4 days
   to 97

Residential & condo sales:
* Oakland County = 1,109 = down 3.2%
* Lapeer County = 58 = down 6.5%

Residential & condo median sale price:
* Oakland County = $92,000 = down 1.0%
* Lapeer County = $71,200 = up 7.1% (!)
references: realcomp, donsrealty.net