Interesting statistics to note from the data illustrated below for the Oxnard Real Estate Market Report for the month of April, 2012
52% of the Active Listings are distressed properties (either short sales or Bank Owned), the amount of inventory in Oxnard is decreasing, while demand is picking up, this will create multiple offers especially on lower priced properties.
87% of the Under Contract Listings are distressed properties, this illustrated demand for these properties, resulting many times in multiple offers.
61% of the Sold Listings are distressed properties.
Days on Market for Active Listings is 121.
Days on Market for Listings under Contract is 97.
Days on Market for Sold Listings is 157.
I hope you found this Oxnard Real Estate Market Report helpful.
originally published at Ventura County Real Estate Center