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The following is a monthly market analysis for Birmingham Michigan Real Estate. 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 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. Birmingham Market Analysis of Homes Sold also compares year ending May2008 to May 2009. To exclude leases in data, minimum sale price used was $5,000. |
Market Analysis For Birmingham MI May 2009
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May 09 median sale prices increased 1% from April 09 & a 23% decrease # of homes sold. Private owned homes median price decreased 30% in May 09. Bank owned homes median price increased 15% in May 09 from April 09. # of bank owned homes sold decreased 44% in May 09 from April 09 |
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May 09 median sale price decreased 31% from May 08 # homes sold stayed the same in May 09 and May 2008. |
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Year ending May 2008 median sale price compared to yr ending May 09 decreased 22%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds May 2009
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419 listings: |
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23 Sold listings: |
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Median List Price |
$429,000 |
Median Sold Price |
$250,650 |
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Avg. DOM |
195 |
Avg. DOM |
135 |
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Private Owned |
390 listings |
Private Owned |
14 Sold |
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Median List Price |
$449,950 |
Median Sold Price |
$275,250 |
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Bank Owned |
29 listings |
Bank Owned |
9 Sold |
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Median List Price |
$190,000 |
Median Sold Price |
$217,000 |
Active & Solds April 2009
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406 listings: |
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30 Sold listings: |
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Median List Price |
$425,000 |
Median Sold Price |
$247,500 |
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Private Owned |
366 listings |
Private Owned |
14 Sold |
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Median List Price |
$450,000 |
Median Sold Price |
$393,750 |
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Bank Owned |
40 listings |
Bank Owned |
16 Sold |
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Median List Price |
$166,400 |
Median Sold Price |
$184,450 |
Active & Solds May 2008
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419 listings: |
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23 Sold listings: |
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Median List Price |
$444,900 |
Median Sold Price |
$365,000 |
June 1, 2007 – April 30, 2008
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648 listings: |
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252 Sold listings: |
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Median List Price |
$399,900 |
Median Sold Price |
$340,000 |
June 1, 2008 – April 30, 2009
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662 listings: |
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266 Sold listings: |
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Median List Price |
$375,000 |
Median Sold Price |
$263,750 |
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Market Analysis for Birmingham April 2009
Market Analysis for Birmingham March 2009
Market Analysis for Birmingham February 2009
Birmingham Michigan January 2009 Market Analysis
Oakland County Market Analysis for April 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Birmingham 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.
