The following is a monthly market analysis for Royal Oak Michigan. It compares only residential homes sold in April 2009 with March 2009 to determine the # of homes sold for the month and the increase or 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. To exclude leases in data, minimum sale price used was $5,000.
Market Analysis
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April 09 median sale prices decreased 3% from March 09 & # of homes sold stayed the same. Private owned median price increased 3% in April 09 from March 09. Bank owned homes median price decreased 3% in April 09 from March 09. |
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April 09 median sale price decreased 41% from .April. 08 & # homes sold changed slightly |
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Year ending April 2009 median sale price compared to yr ending April 08 decreased 20%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Sold April 2009
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586 listings: |
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51 Sold listings: |
|
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Average List Price |
$167,031 |
Average Sold Price |
$108,622 |
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Median List Price |
$149,947 |
Median Sold Price |
$94,000 |
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Highest List Price |
$1,744,900 |
Highest Sold Price |
$285,000 |
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Lowest List Price |
$19,900 |
Lowest Sold Price |
$21,000 |
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Avg. Days On Market |
155 |
Avg. Days On Market |
117 |
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Private Owned |
512 listings |
Private Owned |
28 Sold |
|
Median List Price |
$159,900 |
Median Sold Price |
$135,650 |
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Bank Owned |
74 listings |
Bank Owned |
23 Sold |
|
Median List Price |
$79,900 |
Median Sold Price |
$74,000 |
Active & Sold March 2009
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586 listings: |
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51 Sold listings: |
|
|
Median List Price |
$149,900 |
Median Sold Price |
$112,500 |
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Private Owned |
513 listings |
Private Owned |
27 Sold |
|
Median List Price |
$159,900 |
Median Sold Price |
$131,500 |
|
Bank Owned |
73 listings |
Bank Owned |
24 Sold |
|
Median List Price |
$89,900 |
Median Sold Price |
$76,500 |
Active & Sold April 2008
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589 listings: |
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54 Sold listings: |
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Median List Price |
$159,900 |
Median Sold Price |
$160,000 |
May 1, 2007 - April 30, 2008
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1217 listings: |
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682 Sold listings: |
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Median List Price |
$169,000 |
Median Sold Price |
$168,000 |
May 1, 2008 - April 30, 2009
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1197 listings: |
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661 Sold listings: |
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Median List Price |
$149,000 |
Median Sold Price |
$135,000 |
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Market Analysis for Royal Oak March 2009
Market Analysis for Royal Oak February 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Royal Oak 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.
