July 2009 Market Analysis for Royal Oak Michigan
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July 09 median sale prices decreased 14% from June 09 & # of homes sold decreased 3%. Private owned median price decreased 12% in July 09 from June 09. Bank owned homes median price increased 8% in July 09 from June 09. |
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July 09 median sale price decreased 29% from July 08 & # homes increased 23% |
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Year ending July 2009 median sale price compared to yr ending July 08 decreased 24%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Sold July 2009
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595 listings: |
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81 Sold listings: |
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Median List Price |
$149,900 |
Median Sold Price |
$105,000 |
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Avg. Days On Market |
146 |
Avg. Days On Market |
102 |
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Private Owned |
531 listings |
Private Owned |
55 Sold |
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Median List Price |
$155,000 |
Median Sold Price |
$123,500 |
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Bank Owned |
64 listings |
Bank Owned |
26 Sold |
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Median List Price |
$72,400 |
Median Sold Price |
$67,950 |
Active & Sold June 2009
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588 listings: |
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84 Sold listings: |
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Median List Price |
$149,949 |
Median Sold Price |
$121,750 |
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Private Owned |
532 listings |
Private Owned |
62 Sold |
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Median List Price |
$155,000 |
Median Sold Price |
$140,000 |
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Bank Owned |
56 listings |
Bank Owned |
22 Sold |
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Median List Price |
$68,900 |
Median Sold Price |
$62,250 |
Active & Sold July 2008
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576 listings: |
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62 Sold listings: |
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Median List Price |
$154,950 |
Median Sold Price |
$147,950 |
August 1, 2007 – July 31, 2008
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1181 listings: |
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667 Sold listings: |
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Median List Price |
$159,900 |
Median Sold Price |
$158,600 |
August 1, 2008 – July 31, 2009
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1222 listings: |
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708 Sold listings: |
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Median List Price |
$139,000 |
Median Sold Price |
$120,000 |
Monthly market analysis June 2009 for Royal Oak Michigan compares residential homes sold in July 2009 with June 2009 to determine the # of homes sold for the month and increase/decrease in median sold price. It shows all homes sold then private owned vs. Bank Owned/HUD. In latter 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.
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Market Analysis for Royal Oak June 2009
Market Analysis for Royal Oak May 2009
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 July 2009
Oakland County Market Analysis for June 2009
Oakland County Market Analysis for May 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.
