Royal Oak: Homes Sold January 1, 2009 – December 31, 2009 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. While the median prices are sill falling in Royal Oak, it is moving in the right direction from the highest point the beginning of the year and in July 2009. Overall, the bad news is that median prices declined the most in 2009 most likely due to the mass amounts of foreclosures on the market.
Jan. Feb Mar Apr May June July Aug Sept Oct Nov Dec Compared to previous month -05 +12 +14 -03 +22 +01 -14 +20 -15 +07 +05 -13 Compared to same month 08 -31 -30 -30 -41 -20 -22 -29 -04 -14 -14 -09 -05 Compared to Yr. Ending -15 -15 -17 -20 -20 -23 -24 -23 -25 -24 -23 -23 Median price Yr Ending Dec. 05 $185,700 Median price Yr Ending Dec. 06 $184,000 -01% Compared to 2005 Median price Yr Ending Dec. 07 $171,000 -07% Compared to 2006 Median price Yr Ending Dec. 08 $148,900 -13% Compared to 2007 Median price Yr Ending Dec. 09 $115,000 -23% Compared to 2008 Overall - Median Price of Homes Sold In Royal Oak over the past 5 years has declined 38%
To see a breakdown of individual statistics including median prices for bank owned vs. private owned, click here. To search for homes in Royal Oak and nearby cities, click here .Royal Oak 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.
The Red Run Subdivision of Royal Oak Michigan is located within a one mile square area between twelve mile and thirteen mile that runs from Rochester Rd. to Campbell Ave.