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Birmingham Michigan Market Analysis Homes Sold July 2009

Birmingham Michigan Market Analysis Homes Sold July 2009

July 09 median sale prices decreased 2% from June 09 & a 13.5% decrease # of homes sold. Private owned homes median price decreased 2% in July 09 from June 09. Bank owned homes median price increased 23% in July 09 from June 09.

July 09 median sale price decreased 2% from July 08.

Year ending July 2009 median sale price compared to yr ending July 08 decreased 19%

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds July 2009

400 listings:

32 Sold listings:

Median List Price

$442,450

Median Sold Price

$295,000

Avg. DOM

186

Avg. DOM

110

Private Owned

371 listings

Private Owned

20 Sold

Median List Price

$455,000

Median Sold Price

$370,000

Bank Owned

29 listings

Bank Owned

12 Sold

Median List Price

$153,450

Median Sold Price

$250,000

Active & Solds June 2009

407 listings:

37 Sold listings:

Median List Price

$400,000

Median Sold Price

$300,000

Private Owned

381 listings

Private Owned

25 Sold

Median List Price

$444,900

Median Sold Price

$378,990

Bank Owned

26 listings

Bank Owned

12 Sold

Median List Price

$167,450

Median Sold Price

$192,450

Active & Solds July 2008

394 listings:

26 Sold listings:

Median List Price

$432,400

Median Sold Price

$302,500

August 1, 2008 – July 31, 2009

650 listings:

282 Sold listings:

Median List Price

$374,450

Median Sold Price

$263,750

August 1, 2007– July 31, 2008

602 listings:

234 Sold listings:

Median List Price

$399,000

Median Sold Price

$326,500

Compares only median sold price of residential homes sold in July 09 with June 09 & July 08; year ending July 08 with yr ending July 09. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $15,000.

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Market Analysis for Birmingham June 2009

Market Analysis for Birmingham May 2009

Market Analysis for Birmingham April 2009

Market Analysis for Birmingham March 2009

Market Analysis for Birmingham February 2009

Birmingham Michigan January 2009 Market Analysis

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Birmingham Michigan Realtor selling Oakland County Real Estate. TishHouse sells Houses - selling Real Estate in 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.

Posted Sunday Aug 16