August Market Analysis for Royal Oak Michigan
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August 09 median sale prices increased 20% from July 09 & # of homes sold decreased 17%. Private owned median price increased 14% in August 09 from July 09. Bank owned homes median price decreased 12% in August 09 from July 09. |
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August 09 median sale price decreased 4% from August 08 & # homes stayed the same |
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Yr ending August 09 median sale price compared to yr ending August 08 decreased 23%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Sold August 2009
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564 listings: |
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67 Sold listings: |
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Median List Price |
$150,000 |
Median Sold Price |
$131,500 |
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Avg. Days On Market |
142 |
Avg. Days On Market |
98 |
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Private Owned |
521 listings |
Private Owned |
49 Sold |
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Median List Price |
$155,000 |
Median Sold Price |
$144,250 |
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Bank Owned |
43 listings |
Bank Owned |
18 Sold |
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Median List Price |
$79,900 |
Median Sold Price |
$60,000 |
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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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 August 2008
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563 listings: |
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66 Sold listings: |
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Median List Price |
$153,900 |
Median Sold Price |
$150,000 |
September 1, 2007 – August 31, 2008
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1145 listings: |
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648 Sold listings: |
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Median List Price |
$159,900 |
Median Sold Price |
$155,250 |
September 1, 2008 – August 31, 2009
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1200 listings: |
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703 Sold listings: |
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Median List Price |
$135,500 |
Median Sold Price |
$119,000 |
Monthly market analysis August 2009 for Royal Oak Michigan compares residential homes sold in August 2009 with July 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 July 2009
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.
Cathy as usual you have done a nice job keeping everyone up to speed on what is happening in the Royal Oak market.