Below is the illustration of the Oxnard Real Estate Market Absorption Trend for the month of September 2012. This illustration shows that the average list to sales price was consistently in the high 99% range from 2010 to present.
The average sales price did appreciate to almost what homes were selling for in 2010 and the median price (midpoint price, half the homes sold for more, half the homes sold for less) has steadily been increasing.
The most startling fact presented by the data is the amount of Oxnard Single Family Homes for sale, excluding the beach area homes. Currently, there are only 52 Single Family Homes for sale in Oxnard , and that translates to approximately .6 months of inventory which by definition of the Market Absorption Analysis model would put Oxnard Single Family Homes in a sellers market.
This lower inventory of homes in Oxnard is creating multiple offers on many homes because the demand is more than the supply.
The breakdown of available Oxnard Single Family Homes for sale is as follows:
- 28 Oxnard Single Family Homes priced under $350,000
- 12 Oxnard Single Family Homes priced from $350,001 to $450,000
- 5 Oxnard Single Family Homes priced from $450,001 to $550,000
- 4 Oxnard Single Family Homes priced from $550,001 to $650,000
- 2 Oxnard Single Family Homes priced from $650,001 to $850,000
- 1 Oxnard Single Family Homes priced from $850,001 and above
For home buyers wanting to purchase a Oxnard Single Family Home it is imperative that one must have pre approval letter in hand, proof of funds for the down-payment and closing costs and be ready to make their highest and best offer initially.
Hope you find the Oxnard Real Estate Market Absorption Trend for September 2012 helpful!
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