Oakland County Stats
by Eric Mendieta
A question I often receive is how I feel about the current state of the market and whether or not we've recovered from the real estate bubble a decade ago. Many homeowners bought in the early or mid 2000s and aren't sure if there home is worth what it was then. Let's look at the sales data from last month in Oakland County:
The average price of a home in Oakland County in January 2007 was around $212,759. The average price of a home in Oakland County as of July 2017 was $249,896. Although every city and area has data unique to it specifically, the overall trend of increasing value has continued and prices have surpassed that of the last decade in Oakland County.