The following is a monthly market analysis for Oakland County Michigan Real Estate. It compares only residential homes sold in April 2009 with March 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 for Homes Sold also compares year ending April 2008 to April 2009. Since Pontiac & Southfield have been hit hard with foreclosures, this market analysis calculates sold prices with and without these cities. To insure most leases are not included in data, minimum sale price used was $15,000.
Market Analysis for Oakland County April 2009
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April 09 median price for All Oakland County homes decreased 5% from March 09. # of homes sold in April 09 increased 20% from March 09 |
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Southfield & Pontiac are cities hit heavily with foreclosures that affect the overall median price of homes sold in Oakland County. Taking out these cities in the analysis shows a 14% higher overall sold median price in April 09 and a 22% higher sold price in bank owned for April 09 separating Oakland County from Pontiac & Southfield. For March 09: 8% higher overall median price and 12% higher bank owned median price |
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There is a 78% higher median price of private owned homes sold in all of Oakland County compared to private owned in just cities of Pontiac & Southfield |
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April 09 median sale price decreased 34% from April 08 & 13% increase in # homes sold. As Pontiac & Southfield indicate, sold prices vary from city to city and must be calculated independently to get a true picture of current market trends. |
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Medium Sale price yr ending April 09 compared to yr ending April 08 decreased 24% |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
All Active & Sold April 2009
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11629 listings: |
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1088 Sold listings: |
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Median List Price |
$184,900 |
Median Sold Price |
$105,000 |
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Avg. DOM |
186 |
Avg. DOM |
117 |
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Bank Owned |
1809 listings |
Bank Owned |
649 Sold |
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Median List Price |
$78,300 |
Median Sold Price |
$65,900 |
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Avg. DOM |
88 |
Avg. DOM |
81 |
All Actives & Sold April 09 w/o Pontiac & Southfield
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10618 listings: |
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959 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$122,500 |
All Private Owned Actives & Sold April 09 w/o Pontiac & Southfield
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9119 listings: |
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422 Sold listings: |
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Median List Price |
$220,000 |
Median Sold Price |
$165,920 |
All Private Owned Actives & Sold April 09 in Pontiac & Southfield
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1025 listings: |
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130 Sold listings: |
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Median List Price |
$69,900 |
Median Sold Price |
$36,375 |
Bank Owned Actives & Sold April 09 w/o Pontiac & Southfield
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1499 listings: |
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537 Sold listings: |
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Median List Price |
$89,900 |
Median Sold Price |
$84,500 |
All Active & Sold March 2009
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11568 listings: |
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872 Sold listings: |
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Median List Price |
$184,900 |
Median Sold Price |
$110,000 |
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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 |
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 |
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 Actives & Sold April 08
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11482 listings: |
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942 Sold listings: |
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Median List Price |
$189,900 |
Median Sold Price |
$160,000 |
May 1, 2007 – April 30, 2008 – All Homes
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20543 listings: |
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10004 Sold listings: |
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Median List Price |
$189,900 |
Median Sold Price |
$180,000 |
May 1, 2008 – April 30, 2009 – All Homes
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22182 listings: |
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11644 Sold listings: |
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Median List Price |
$164,900 |
Median Sold Price |
$136,000 |
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Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Oakland County Market Analysis for January 2009
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.
