The following is a monthly market analysis for Oakland County Michigan. It compares only residential homes sold in March. 2009 with Feb. 2009 to determine the # of homes sold for the month and the increase/decrease in median sold price. It shows all homes sold then private owned vs. Bank Owned/HUD. In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated. Oakland County Market Analysis also compares first quarter sales and year ending March. 2008 to March 2009. To insure most leases are not included in data, minimum sale price used was $15,000.
Market Analysis for Oakland County March 2009
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March 09 median price for All Oakland County homes increased 5% from Feb. 09. # of homes sold in March 09 increased 21% from Feb. 09 |
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Southfield & Pontiac are cities hit heavily with foreclosures which affect the overall median price of homes sold in Oakland County. Taking out these cities in the analysis shows an 8% higher overall sold median price in Mar. 09 and a 12.5% higher sold price in bank owned for Mar. 09. For Feb. 09: 14% higher overall and 15% higher bank owned |
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Mar. 09 median sale price decreased 29% from Mar. 08 & 15% increase in # homes sold. As Pontiac & Southfield indicate, each city must be calculated independently to get a true picture of current market trends. |
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First Quarter 2009 median price of All Homes sold decreased 31% from first quarter 2008 and # of homes sold increased 10% |
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Medium Sale price yr ending Mar. 2009 compared to yr ending Mar. 08 decreased 22.5%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Sold March 2009
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11568 listings: |
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872 Sold listings: |
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Average List Price |
$295,260 |
Average Sold Price |
$140,238 |
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Median List Price |
$184,900 |
Median Sold Price |
$110,000 |
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Highest List Price |
$11,500,000 |
Highest Sold Price |
$1,210,000 |
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Lowest List Price |
$10,000.00 |
Lowest Sold Price |
$15,000 |
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Avg. DOM |
191 |
Avg. DOM |
122 |
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Bank Owned |
1953 listings |
Bank Owned |
520 Sold |
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Median List Price |
$80,500 |
Median Sold Price |
$70,000 |
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Avg. DOM |
91 |
Avg. DOM |
87 |
All Actives & Sold March 09 w/o Pontiac & Southfield
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10518 listings: |
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769 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$120,000 |
All Private Owned Actives & Sold March 09 w/o Pontiac & Southfield
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8870 listings: |
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332 Sold listings: |
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Median List Price |
$224,900 |
Median Sold Price |
$179,450 |
Bank Owned Actives & Sold March 09 w/o Pontiac & Southfield
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1648 listings: |
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437 Sold listings: |
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Median List Price |
$90,450 |
Median Sold Price |
$80,000 |
All Active & Sold February 2009
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11349 listings: |
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692 Sold listings: |
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Median List Price |
$184,999 |
Median Sold Price |
$105,000 |
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Bank Owned |
1877 listings |
Bank Owned |
447 Sold |
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Median List Price |
$81,900 |
Median Sold Price |
$69,900 |
Actives & Sold Feb. 09 w/o Pontiac & Southfield
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10352 listings: |
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604 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$122,000 |
Private Owned Actives & Sold Feb. 09 w/o Pontiac & Southfield
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8767 listings: |
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229 Sold listings: |
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Median List Price |
$225,000 |
Median Sold Price |
$180,000 |
Bank Owned Actives & Sold Feb. 09 w/o Pontiac & Southfield
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1586 listings: |
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375 Sold listings: |
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Median List Price |
$94,550 |
Median Sold Price |
$82,500 |
All Actives & Sold March 08
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11398 listings: |
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741 Sold listings: |
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Median List Price |
$189,150 |
Median Sold Price |
$155,000 |
First Quarter ending March 31, 2009 - All Homes
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12848 listings: |
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2191 Sold listings: |
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Median List Price |
$175,000 |
Median Sold Price |
$107,000 |
First Quarter ending March 31, 2008 - All Homes
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12627 listings: |
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1970 Sold listings: |
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Median List Price |
$185,000 |
Median Sold Price |
$156,000 |
April 1, 2007 - Feb. 29, 2008 - All Homes
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20503 listings: |
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9846 Sold listings: |
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Median List Price |
$189,900 |
Median Sold Price |
$182,000 |
April 1, 2008 - March 31, 2009 - All Homes
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21976 listings: |
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11319 Sold listings: |
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Median List Price |
$165,000 |
Median Sold Price |
$141,000 |
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Oakland County Market Analysis for February 2009
Oakland County Market Analysis for January 2009
Year End Market Analysis for Oakland County 2008 compared to 2007
Oakland County Realtor selling Real Estate in Southeastern Michigan. TishHouse sells Houses - selling Oakland County Real Estate 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.
