Market Analysis Homes Sold Royal Oak Michigan May 2010
May 2010 median sale prices increased 11% from April 2010 & # of homes sold increased 5%. Private owned median price increased 12% in May 2010 from Apr. 2010. Bank owned homes median price decreased 40% in May 2010 from Apr. 2010.
May 2010 median sale price increased 14% from May 09 & # homes sold increased 25% in May 2010. Yr ending May 2010 median sale price compared to yr ending May 09 decreased 9%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold May 2010
|
535 listings: |
|
88 Sold listings: |
|
|
Average List Price |
$156,292 |
Average Sold Price |
$141,493 |
|
Median List Price |
$145,000 |
Median Sold Price |
$135,750 |
|
Highest List Price |
$599,000 |
Highest Sold Price |
$470,000 |
|
Lowest List Price |
$29,900 |
Lowest Sold Price |
$44,900 |
|
Avg. Days On Market |
137 |
Avg. Days On Market |
95 |
|
Private Owned |
486 listings |
Private Owned |
76 Sold |
|
Median List Price |
$150,000 |
Median Sold Price |
$140,000 |
|
Bank Owned |
49 listings |
Bank Owned |
12 Sold |
|
Median List Price |
$49,900 |
Median Sold Price |
$61,506 |
Active & Sold April 2010
|
512 listings: |
|
84 Sold listings: |
|
|
Median List Price |
$139,950 |
Median Sold Price |
$120,500 |
|
Private Owned |
468 listings |
Private Owned |
71 Sold |
|
Median List Price |
$145,000 |
Median Sold Price |
$123,000 |
|
Bank Owned |
44 listings |
Bank Owned |
13 Sold |
|
Median List Price |
$92,400 |
Median Sold Price |
$103,000 |
Active & Sold May 2009
|
513 listings: |
|
66 Sold listings: |
|
|
Median List Price |
$139,900 |
Median Sold Price |
$116,450 |
June 1, 2008 – May 31, 2009
|
1115 listings: |
|
668 Sold listings: |
|
|
Median List Price |
$139.900 |
Median Sold Price |
$131,250 |
June 1, 2009 – May 31 2010
|
1369 listings: |
|
922 Sold listings: |
|
|
Median List Price |
$129,900 |
Median Sold Price |
$119,950 |
Monthly market analysis May 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in May 2010 with April 2010 & May 09; year ending May 09 with yr ending May 2010. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000
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Royal Oak 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 onTwitter..
