The following is a monthly market analysis for Oakland County Michigan. It compares only residential homes sold in Jan. 2009 with Dec. 2008 to determine the # of homes sold for the month and the increase/decrease in average sold price. It also distinguishes how many homes were recorded to be Bank Owned/HUD. as opposed to private owned. First figures include private, bank owned and short sales. In the latter part of 2008, Realtors were required to categorize ownership status so figures may not truly reflect the actual number of bank owned Jan. 2008. To insure that most leases were not included in data, minimum sale price used was $20,000.
Active & Solds January 2009
|
11338 listings: |
|
578 Sold listings: |
|
|
Average List Price |
$297,787 |
Average Sold Price |
$140,265 |
|
Highest List Price |
$8,690,000 |
Highest Sold Price |
$1,100,000 |
|
Lowest List Price |
$16,900 |
Lowest Sold Price |
$20,000 |
|
Avg. DOM |
199 |
Avg. DOM |
117 |
|
Bank Owned |
2084 listings |
Bank Owned |
353 Sold |
|
Average List Price |
$120,133 |
Average Sold Price |
$101,120 |
|
Avg. DOM |
92 |
Avg. DOM |
90 |
Active & Solds December 2008
|
11578 listings: |
|
820 Sold listings: |
|
|
Average List Price |
$295,602 |
Average Sold Price |
$151,762 |
|
Highest List Price |
$8,690,000 |
Highest Sold Price |
$803,750 |
|
Lowest List Price |
$13,000 |
Lowest Sold Price |
$20,000 |
|
Avg. DOM |
197 |
Avg. DOM |
117 |
|
Bank Owned |
2174 listings |
Bank Owned |
444 Sold |
|
Average List Price |
$120,744 |
Average Sold Price |
$107,074 |
|
Avg. DOM |
91 |
Avg. DOM |
83 |
Active & Solds January 2008
|
11317 listings: |
|
556 Sold listings: |
|
|
Average List Price |
$300,978 |
Average Sold Price |
$194,854 |
|
Highest List Price |
$8,690,000 |
Highest Sold Price |
$1,500,000 |
|
Lowest List Price |
$17,500 |
Lowest Sold Price |
$20,000 |
|
Avg. DOM |
200 |
Avg. DOM |
133 |
|
Bank Owned |
1934 listings |
Bank Owned |
205 Sold |
|
Average List Price |
$125,390 |
Average Sold Price |
$137,360 |
|
Avg. DOM |
94 |
Avg. DOM |
108 |
Market Analysis
|
Jan. 2009 compared to Dec. 2008 shows an 8% decrease in avg. sale price for all homes & a 30% decrease in # of homes sold. Bank owned homes decreased 20% in Jan. 09 from Dec. 08. Avg. bank owned sold price decreased 6% from Dec. 08. |
|
Jan. 2009 had a 28% decrease in Avg. sold price compared to Jan. 2008 for all homes sold. Bank owned homes had a 42% increase in # sold & a 5% decrease in Avg. sold price |
|
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
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Year End 2008 Market Analysis for Oakland County Michigan.
Oakland County Michigan Realtor selling Real Estate in Southeastern Michigan. TishHouse sells Houses - selling Oakland County Real Estate 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.
