The latest North Oaks housing market statistics are out and there are some interesting tidbits in it. Some mixed news for homeowners who are planning on putting their homes on the market and some good news for those hoping to buy a home in North Oaks.
News for North Oaks Homeowners
What a mixed bag! The bad news is that in November, the inventory of available North Oaks homes for sale rose, but only slightly. Even a slight rise, however, means there is more competition in the marketplace. New listings increased more than 33 percent from November of last year.
That said, closed sales have decreased 44.4 percent. Buyers may be sitting out the market right now.
The good news for homeowners is that the median sales price of a North Oaks home…