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Birmingham MI Market Analysis & Statistics For June 2010

Market Analysis & Statistics For Birmingham MI June 2010

June 2010 median sale prices increased 21% from May 2010 & a 13% increase # of homes sold. Private owned homes median price increased 39% in June ‘10 from May 2010.  Bank owned homes median price decreased 06% in June 2010 from May 2010.  June 2010 median sale price increased 03% from June 2009. Yr ending June 2010 median sale price compared to yr ending June 2009 decreased 01%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

 

Active & Solds June 2010

327 listings:

 

45 Sold listings:

 

Average List Price

$668,809

Average Sold Price

$444,262

Median List Price 

$465,000

Median Sold Price 

$240,000

Highest List Price

$5,900,000

Highest Sold Price

$2,450,000

Lowest List Price

$57,900

Lowest Sold Price

$60,000

Avg. DOM

166

Avg. DOM

126

Private Owned

311 listings

Private Owned

37 Sold 

Median List Price 

$479,000

Median Sold Price 

$310,000

Bank Owned

16 listings

Bank Owned

8 Sold 

Median List Price 

$212,400

Median Sold Price 

$176,562

Active & Solds May 2010

321 listings:

 

39  Sold listings:

 

Median List Price 

$449,900

Median Sold Price 

$190,000

Private Owned

301 listings

Private Owned

27 Sold 

Median List Price 

$474,900

Median Sold Price 

$190,000

Bank Owned

20 listings

Bank Owned

12 Sold 

Median List Price 

$199,950

Median Sold Price 

$188,150

Active & Solds June 2009

319 listings:

 

37 Sold listings:

 

Median List Price 

$459,000

Median Sold Price 

$300,000

July 1, 2009 – June 30, 2010

699 listings:

 

417 Sold listings:

 

Median List Price 

$349,500

Median Sold Price 

$260,000

July 1, 2008– June 30, 2009

558 listings:

 

276 Sold listings:

 

Median List Price 

$395,000

Median Sold Price 

$263,750

Birmingham Market Analysis compares only median sold price of residential homes sold in June 2010 with May 2010 & June 09; year ending June 09 with yr ending June 2010.  It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $15,000.If you are looking to Purchase a Home in Birmingham Michigan, click here for an IDX Home Search 

If you are looking to Sell a Home in Birmingham Michigan, click here for an outline of our Marketing Strategy.

 

Click here for all statistics and market analysis for Birmingham Michigan

 

 

Birmingham 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..

 

0 commentsCathy Tishhouse Royal Oak Real Estate • August 20 2010 04:51PM

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