Market Analysis for Royal Oak Michigan July 2010
July 2010 median sale prices decreased 26% from June 2010 & # of homes sold decreased 44%. Private owned median price decreased 14% in July 2010 from June 2010. Bank owned homes median price decreased 6% in July 2010 from June 2010.
July 2010 median sale price decreased 6% from July 09 & # homes sold increased 37% in July 2010. Year ending July 2010 median sale price compared to year ending July 09 stayed the same and homes sold increased 21% year ending July 2010 compared to year ending July 2009. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold July 2010
|
504 listings: |
|
53 Sold listings: |
|
|
Average List Price |
$152,715 |
Average Sold Price |
$118,710 |
|
Median List Price |
$144,950 |
Median Sold Price |
$98,777 |
|
Highest List Price |
$599,000 |
Highest Sold Price |
$310,000 |
|
Lowest List Price |
$25,000 |
Lowest Sold Price |
$25,000 |
|
Avg. Days On Market |
140 |
Avg. Days On Market |
108 |
|
Private Owned |
454 listings |
Private Owned |
39 Sold |
|
Median List Price |
$149,900 |
Median Sold Price |
$118,800 |
|
Bank Owned |
50 listings |
Bank Owned |
14 Sold |
|
Median List Price |
$79,900 |
Median Sold Price |
$70,800 |
Active & Sold June 2010
|
536 listings: |
|
95 Sold listings: |
|
|
Median List Price |
$144,900 |
Median Sold Price |
$133,900 |
|
Private Owned |
478 listings |
Private Owned |
76 Sold |
|
Median List Price |
$150,000 |
Median Sold Price |
$137,500 |
|
Bank Owned |
58 listings |
Bank Owned |
19 Sold |
|
Median List Price |
$84,950 |
Median Sold Price |
$75,000 |
Active & Sold July 2009
|
540 listings: |
|
89 Sold listings: |
|
|
Median List Price |
$139,950 |
Median Sold Price |
$105,000 |
August 1, 2008 – July 31, 2009
|
1159 listings: |
|
708 Sold listings: |
|
|
Median List Price |
$134,999 |
Median Sold Price |
$120,000 |
August 1, 2009 – July 31, 2010
|
1349 listings: |
|
898 Sold listings: |
|
|
Median List Price |
$129,900 |
Median Sold Price |
$120,000 |
Monthly market analysis July 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in July 2010 with June 2010 & July 09; year ending July 2009 with yr ending July 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.
|
|
Aug |
Sept |
Oct |
Nov |
Dec |
Jan |
Feb |
Mar |
Apr |
May |
June |
|
Compared to previous month |
+20 |
-15 |
+07 |
+05 |
-13 |
00 |
-09 |
+10 |
+07 |
+11 |
-01 |
|
Compared to same month previous year (2008 – 2009) |
-04 |
-14 |
-14 |
-09 |
-05 |
+03 |
+05 |
-01 |
+21 |
+14 |
+09 |
|
Compared Yr. Ending each month to previous Yr. Ending |
-23 |
-25 |
-24 |
-23 |
-23 |
-21 |
-20 |
-18 |
-13 |
-09 |
-04 |
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Interesting that July was lower this year than last, as is true in our area of Pinehurst, NC. It looks like August is going to be lower than the same period last year as well. Great statistical blog! I love numbers.