Market Analysis for Oakland County June 2009
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June 09 median price for All Oakland County homes increased 7% from May 09. # Of homes sold in June 09 increased 17% from May 09 |
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Southfield & Pontiac are cities hit heavily w/ foreclosures & affect overall median price of homes sold in Oakland County. Removing these cities in analysis shows a 13% overall higher median sold price in June 09 & a 5% decrease median sold price in bank owned for June 09 |
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There is a 60 % higher median price of private owned homes sold in all of Oakland County compared to private owned in just cities of Pontiac & Southfield in June 09 |
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June 09 median sale price decreased 31% from June 08 & 13% increase in # homes sold. As Pontiac & Southfield indicate, sold prices vary from city to city & each must be calculated independently to get a true picture of current market trends. |
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Median Sale price for all homes in Oakland County yr ending June 09 compared to yr ending June 08 decreased 28% |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
All Active & Sold June 2009
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11471 listings: |
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1236 Sold listings: |
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Median List Price |
$185,000 |
Median Sold Price |
$112,500 |
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Avg. DOM |
183 |
Avg. DOM |
112 |
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Private Owned |
9961 listings |
Private Owned |
616 Sold |
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Median List Price |
199,900 |
Median Sold Price |
162,340 |
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Avg. DOM |
201 |
Avg. DOM |
155 |
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Bank Owned |
1513 listings |
Bank Owned |
620 Sold |
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Median List Price |
$77,000 |
Median Sold Price |
$60,000 |
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Avg. DOM |
85 |
Avg. DOM |
80 |
All Actives & Sold June 09 w/o Pontiac & Southfield
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10485 listings: |
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1071 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$130,000 |
All Private Owned Actives & Sold June 09 w/o Pontiac & Southfield
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9243 listings: |
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589 Sold listings: |
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Median List Price |
$219,000 |
Median Sold Price |
$169,900 |
All Private Owned Actives & Sold June 09 in Pontiac & Southfield
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717 listings: |
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27 Sold listings: |
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Median List Price |
$74,900 |
Median Sold Price |
$65,000 |
Bank Owned Actives & Sold June 09 w/o Pontiac & Southfield
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1241 listings: |
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482 Sold listings: |
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Median List Price |
$89,900 |
Median Sold Price |
$70,000 |
All Active & Sold May 2009
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11611 listings: |
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1027 Sold listings: |
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Median List Price |
$189,000 |
Median Sold Price |
$105,000 |
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Private Owned |
9983 listings |
Private Owned |
469 Sold |
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Median List Price |
204,900 |
Median Sold Price |
162,740 |
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Bank Owned |
1628 listings |
Bank Owned |
558 Sold |
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Median List Price |
$75,800 |
Median Sold Price |
$62,050 |
Actives & Sold May 09 w/o Pontiac & Southfield
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10611 listings: |
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906 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$122,000 |
Private Owned Actives & Sold May 09 w/o Pontiac & Southfield
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9257 listings: |
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448 Sold listings: |
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Median List Price |
$220,000 |
Median Sold Price |
$170,000 |
Bank Owned Actives & Sold May 09 w/o Pontiac & Southfield
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1354 listings: |
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458 Sold listings: |
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Median List Price |
$89,900 |
Median Sold Price |
$74,000 |
All Actives & Sold June 08
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11317 listings: |
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1079 Sold listings: |
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Median List Price |
$190,000 |
Median Sold Price |
$164,000 |
July 1, 2007 – June 30, 2008 – All Homes
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20454 listings: |
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10216 Sold listings: |
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Median List Price |
$185,900 |
Median Sold Price |
$172,000 |
July 1, 2008 – June 30, 2009 – All Homes
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22497 listings: |
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12258 Sold listings: |
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Median List Price |
$159,000 |
Median Sold Price |
$124,000 |
The monthly market analysis for Oakland County Michigan Real Estate compares only residential homes sold in June 2009 with May 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 June 2008 to June 2009. Since Pontiac & Southfield have been hit hard with foreclosures, this market analysis calculates sold prices with and without these cities. Using generalities when determining market trends must be calculated for individual cities as they vary according to # of foreclosures, schools and property taxes. To insure most leases are not included in data, minimum sale price used was $10,000.
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Oakland County Market Analysis for May 2009
Oakland County Market Analysis for April 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Oakland County Market Analysis for January 2009
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