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Monthly Market Update

Roy S Callan

As a full-time licensed Michigan Realtor, I take pride in working hard for my clients and take great pleasure in going the extra mile to help them rea...

As a full-time licensed Michigan Realtor, I take pride in working hard for my clients and take great pleasure in going the extra mile to help them rea...

Feb 24 1 minutes read

Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%

2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market. 

Our monthly market update showcases everything you need to know about local real estate trends over the last month. 

February Market Update for Oakland County

431

New Listings

1014

Active Listings

1250

Under Contract

1010

Closed Sales


Homes Sold

98%

Sale-to-List Price


 

$290,000

Average Sales Price

1.8

Months of Supply

36

Average Days on Market

$160

Average Price per Square Foot

Curious about how your home's value has changed?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.

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