Market Analysis for Royal Oak Michigan July 2010
July 2010 median sale prices decreased 26% from June 2010 & # of homes sold decreased 44%. Private owned median price decreased 14% in July 2010 from June 2010. Bank owned homes median price decreased 6% in July 2010 from June 2010.
July 2010 median sale price decreased 6% from July 09 & # homes sold increased 37% in July 2010. Year ending July 2010 median sale price compared to year ending July 09 stayed the same and homes sold increased 21% year ending July 2010 compared to year ending July 2009. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold July 2010
|
504 listings: |
|
53 Sold listings: |
|
|
Average List Price |
$152,715 |
Average Sold Price |
$118,710 |
|
Median List Price |
$144,950 |
Median Sold Price |
$98,777 |
|
Highest List Price |
$599,000 |
Highest Sold Price |
$310,000 |
|
Lowest List Price |
$25,000 |
Lowest Sold Price |
$25,000 |
|
Avg. Days On Market |
140 |
Avg. Days On Market |
108 |
|
Private Owned |
454 listings |
Private Owned |
39 Sold |
|
Median List Price |
$149,900 |
Median Sold Price |
$118,800 |
|
Bank Owned |
50 listings |
Bank Owned |
14 Sold |
|
Median List Price |
$79,900 |
Median Sold Price |
$70,800 |
Active & Sold June 2010
|
536 listings: |
|
95 Sold listings: |
|
|
Median List Price |
$144,900 |
Median Sold Price |
$133,900 |
|
Private Owned |
478 listings |
Private Owned |
76 Sold |
|
Median List Price |
$150,000 |
Median Sold Price |
$137,500 |
|
Bank Owned |
58 listings |
Bank Owned |
19 Sold |
|
Median List Price |
$84,950 |
Median Sold Price |
$75,000 |
Active & Sold July 2009
|
540 listings: |
|
89 Sold listings: |
|
|
Median List Price |
$139,950 |
Median Sold Price |
$105,000 |
August 1, 2008 – July 31, 2009
|
1159 listings: |
|
708 Sold listings: |
|
|
Median List Price |
$134,999 |
Median Sold Price |
$120,000 |
August 1, 2009 – July 31, 2010
|
1349 listings: |
|
898 Sold listings: |
|
|
Median List Price |
$129,900 |
Median Sold Price |
$120,000 |
Monthly market analysis July 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in July 2010 with June 2010 & July 09; year ending July 2009 with yr ending July 2010. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
|
|
Aug |
Sept |
Oct |
Nov |
Dec |
Jan |
Feb |
Mar |
Apr |
May |
June |
|
Compared to previous month |
+20 |
-15 |
+07 |
+05 |
-13 |
00 |
-09 |
+10 |
+07 |
+11 |
-01 |
|
Compared to same month previous year (2008 – 2009) |
-04 |
-14 |
-14 |
-09 |
-05 |
+03 |
+05 |
-01 |
+21 |
+14 |
+09 |
|
Compared Yr. Ending each month to previous Yr. Ending |
-23 |
-25 |
-24 |
-23 |
-23 |
-21 |
-20 |
-18 |
-13 |
-09 |
-04 |
If you are looking to Purchase a Home, click here. If you are looking to Sell a Home, click here. View all Market Analysis for Royal Oak, Michigan Royal Oak 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 onTwitter..
