Ferndale: Statistics & Market Analysis Homes Sold January 1, 2009 – December 31
These statistics compare month-to-month median price of homes sold from January 1, 2009 to December 31, 2009 in Birmingham Michigan. The statistics also compare each month to the previous month in the same year and the same month in 2008. The year ending figures on the third line compare median price of homes sold year ending January 2009 compared to year ending January 2008 and similarly each month thereafter. The market has been fluctuating considerably from month to month. In Ferndale, it has been consistently rising month to month except August and December (holiday month). For the last 3 months of 2009, we see a trend upward where home values are increasing from the same months in 2008 and a declining negative value in the year-end comparisons. This indicates that prices may be starting to stabilize. Year ending December 2009 was up 7% compared to the negative 41% the market was down yr. ending 2008 - even though it is still a negative value.
|
|
Jan. |
Feb |
Mar |
Apr |
May |
June |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
|
Compared to previous month |
-34 |
+10 |
+13 |
-05 |
+10 |
+18 |
00 |
-44 |
+11 |
+24 |
+03 |
-07 |
|
Compared to same month 08 |
-47 |
-64 |
-56 |
-59 |
-36 |
-24 |
-24 |
-38 |
-42 |
+08 |
+19 |
+09 |
|
Compared to Yr. Ending |
-43 |
-43 |
-45 |
-50 |
-50 |
-57 |
-57 |
-47 |
-50 |
-48 |
-40 |
-34 |
|
Median price Yr Ending Dec. 05 |
$138,900 |
|
Median price Yr Ending Dec. 06 |
$125,900 -09% Compared to 2005 |
|
Median price Yr Ending Dec. 07 |
$110,000 -13% Compared to 2006 |
|
Median price Yr Ending Dec. 08 |
$ 65,000 -41% Compared to 2007 |
|
Median price Yr Ending Dec. 09 |
$ 43,000 -34% Compared to 2008 |
|
Overall - Median Price of Homes |
Sold In Ferndale over the past 5 years has declined 69% |
To see a breakdown of individual statistics including median prices for bank owned vs. private owned, click here. To search for homes in Ferndale and nearby cities, click here. Ferndale Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.
