The following is a monthly market analysis for Royal Oak Michigan. It compares only residential homes sold in May 2009 with April 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 latter part 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.
May Market Analysis for Royal Oak
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May 09 median sale prices increased 22% from April 09 & # of homes sold increased 19%. Private owned median price decreased 3% in May 09 from April 09. Bank owned homes median price decreased 3% in May 09 from April 09. |
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May 09 median sale price decreased 20% from May 08 & # homes decreased 10% |
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Year ending May 2009 median sale price compared to yr ending May 08 decreased 20%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Sold May 2009
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584 listings: |
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63 Sold listings: |
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Average List Price |
$161,428 |
Average Sold Price |
$114,994 |
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Median List Price |
$149,900 |
Median Sold Price |
$120,000 |
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Highest List Price |
$695,000 |
Highest Sold Price |
$223,500 |
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Lowest List Price |
$29,900 |
Lowest Sold Price |
$21,000 |
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Avg. Days On Market |
154 |
Avg. Days On Market |
128 |
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Private Owned |
536 listings |
Private Owned |
48 Sold |
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Median List Price |
$154,450 |
Median Sold Price |
$132,000 |
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Bank Owned |
48 listings |
Bank Owned |
15 Sold |
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Median List Price |
$76,862 |
Median Sold Price |
$72,000 |
Active & Sold April 2009
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586 listings: |
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51 Sold listings: |
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Median List Price |
$149,947 |
Median Sold Price |
$94,000 |
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Private Owned |
512 listings |
Private Owned |
28 Sold |
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Median List Price |
$159,900 |
Median Sold Price |
$135,650 |
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Bank Owned |
74 listings |
Bank Owned |
23 Sold |
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Median List Price |
$79,900 |
Median Sold Price |
$74,000 |
Active & Sold May 2008
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591 listings: |
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70 Sold listings: |
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Median List Price |
$154,900 |
Median Sold Price |
$149,250 |
June 1, 2007 – May 31, 2008
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1192 listings: |
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671 Sold listings: |
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Median List Price |
$164,500 |
Median Sold Price |
$165,000 |
June 1, 2008 – May 31, 2009
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1182 listings: |
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661 Sold listings: |
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Median List Price |
$144,900 |
Median Sold Price |
$132,000 |
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Market Analysis for Royal Oak April 2009
Market Analysis for Royal Oak March 2009
Market Analysis for Royal Oak February 2009
Oakland County Market Analysis for April 2009
Oakland County Market Analysis for March 2009
Royal Oak Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in 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.
