Oswego Real Estate Market Trends

The Oswego real estate market is constantly changing. Many factors influence it including the national and local economy, world events, buyer perception and a host of other variables. Keeping track of local market conditions is important for several reasons:
Your home is your primary asset and real estate has historically appreciated over time. Understanding how much your home is appreciating is useful in determining your equity position. If you are planning a move sometime in the near future, understanding seasonal and long-term market fluctuations will allow you to better plan your move and know what to expect while your home is on the market. Market condition reports are run monthly and contain information on the previous month's sales data. If you have any questions or would like a custom market report, please contact me.

December Market Conditions

Detached Style Single-Family Homes

The median price of homes on the market in Oswego rose slightly in the month of December, going from $335,990 in November to $337,990 in December. Also, the average price of homes sold during the same period stayed fairly even - going from $309,900 in October to $309,800 The number of homes on the market dropped during the month of December, from 338 units to 315 - a 12-month low. During that time, the number of homes sold edged up from 26 to 33. The combination of inventory reduction with a slight spike in sold units caused an overall reduction in inventory from 10.3 months in November to 9.7 months in December.

Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory

Attached Style Single-Family Homes

The median price of homes on the market in Oswego stayed fairly steady in December rising slightly from $195,755 to $195,900. However, the median sales price dropped slightly from $183,695 to $180,000. During the same time, the number of units on the market dropped sharply from 172 to 143 while the number of homes sold during the same period remained steady at 19. However, the number of homes sold during that time fell slightly from 68 in November to 64 in December. Despite this drop in number of homes on the market, inventory remained fairly steady - dropping slightly from 6.2 months to 6.1 months.

Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory