The following is a monthly market analysis for Berkley 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. Berkley Market Analysis of Homes Sold also compares year ending May 2008 to May 2009. To exclude leases in data, minimum sale price used was $5,000.
Market Analysis for Homes Sold in Berkley MI May 2009
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May 09 median sale prices decreased 27% from April 09 & # of homes sold decreased 46%. Private owned median price decreased 23% in May 09 from April 09 & # of homes sold decreased 56% Bank owned homes median price increased 23% in May 09 from April 09. |
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May 09 median sale price decreased 39% from May 08 & 48% decrease in # homes sold. |
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Year ending May 2009 median sale price compared to yr ending May 08 decreased 16%; |
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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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187 listings: |
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13 Sold listings: |
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Median List Price |
$129,900 |
Median Sold Price |
$78,000 |
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Avg. Days On Market |
146 |
Avg. Days On Market |
99 |
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Private Owned |
162 listings |
Private Owned |
7 Sold |
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Median List Price |
$134,950 |
Median Sold Price |
$119,200 |
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Bank Owned |
25 listings |
Bank Owned |
6 Sold |
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Median List Price |
$69,500 |
Median Sold Price |
$55,562 |
Active & Sold April 2009
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193 listings: |
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24 Sold listings: |
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Median List Price |
$134,900 |
Median Sold Price |
$107,500 |
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Private Owned |
169 listings |
Private Owned |
16 Sold |
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Median List Price |
$138,000 |
Median Sold Price |
$155,170 |
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Bank Owned |
24 listings |
Bank Owned |
8 Sold |
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Median List Price |
$76,650 |
Median Sold Price |
$43,000 |
Active & Sold May 2008
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199 listings: |
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25 Sold listings: |
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Median List Price |
$129,900 |
Median Sold Price |
$128,641 |
June 1, 2007 – May 31, 2008
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395 listings: |
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221 Sold listings: |
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Median List Price |
$144,500 |
Median Sold Price |
$146,000 |
June 1, 2008 – May 31, 2009
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420 listings: |
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246 Sold listings: |
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Median List Price |
$129,900 |
Median Sold Price |
$123,000 |
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Market Analysis for Berkley April 2009
Market Analysis for Berkley March 2009
Market Analysis for Berkley February 2009
Market Analysis for Oakland County May 2009
Market Analysis for Oakland County April 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Berkley 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.
