Berkley Michigan Market Analysis Homes Sold January 1, 2009 – December 31, 2009
These statistics compare month-to-month median price of homes sold from January 1, 2009 to December 31, 2009 in Berkley Michigan. The statistics also compare each month to the previous month in the same year and the same month in 2008. The year ending figures on the third line compare median price of homes sold year ending January 2009 compared to year ending January 2008 and similarly each month thereafter. The market has been fluctuating considerably from month to month. For the last 3 months in Berkley for 2009, we see a small trend upward where home values increased from the same months in 2008 and compared to the previous months in 2009. There is actually a positive # reported for December but there is still a high negative value in the year-end comparisons. It is too soon to predict a trend upwards and 2009 was the worst year for median home prices compared to previous years.
|
|
Jan. |
Feb |
Mar |
Apr |
May |
June |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
|
Compared to previous month |
-02 |
-32 |
+25 |
-02 |
-27 |
+29 |
-17 |
+21 |
-29 |
+15 |
00 |
+19 |
|
Compared to same month 08 |
-06 |
-53 |
-13 |
-27 |
-39 |
-19 |
-40 |
-14 |
-39 |
-30 |
-25 |
+09 |
|
Compared to Yr. Ending |
-12 |
-13 |
-13 |
-16 |
-16 |
-16 |
-14 |
-21 |
-26 |
-30 |
-28 |
-28 |
|
Median price Yr Ending Dec. 05 |
$175,000 |
|
Median price Yr Ending Dec. 06 |
$174,000 -01% Compared to 2005 |
|
Median price Yr Ending Dec. 07 |
$152,000 -13% Compared to 2006 |
|
Median price Yr Ending Dec. 08 |
$135,000 -11% Compared to 2007 |
|
Median price Yr Ending Dec. 09 |
$ 97,000 -28% Compared to 2008 |
|
Overall - Median Price of Homes |
Sold In Berkley over the past 5 years has declined 45% |
|
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
To see a breakdown of individual statistics including median prices for bank owned vs. private owned, click here
To search for homes in Berkley and nearby cities, click here.
Berkley Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses – selling Real Estate 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.
