Michigan May Market Stats Over 100K

Number of Homes Pending

Available Homes for Sale

Area

May 08

May 09

% Change

May 08

May 09

% Change

Oakland County

899

889

-1.1%

15,322

11,618

-24.2%

Macomb County

410

493

20.2%

5,197

4,309

-17.1%

Livingston County

145

168

15.9%

2,606

2,011

-22.8%

Washtenaw County

277

268

-3.2%

2,606

2,021

-22.4%

Wayne County ( - Detroit & G.P.)

427

422

-1.2%

6,316

4,342

-31.3%

Detroit

19

32

68.4%

1,348

833

-38.2%

Grosse Pointe(s)

59

57

-3.4%

603

596

-1.2%

Northwest Michigan*

135

110

-18.5%

4,852

4,762

-1.9%

Total

2,371

2,439

2.9%

38,850

30,492

-21.5%

Median Sale Price

Ave Chance of Selling (in 30 days)

Area

May 08

May 09

% Change

May 08

May 09

% Change

Oakland County

$189,000

$185,000

-2.1%

6%

8%

30.4%

Macomb County

$162,750

$152,000

-6.6%

8%

11%

45.0%

Livingston County

$183,000

$162,250

-11.3%

6%

8%

50.1%

Washtenaw County

$197,305

$210,000

6.4%

11%

13%

24.8%

Wayne County ( - Detroit & G.P.)

$165,000

$162,500

-1.5%

7%

10%

43.8%

Detroit

$115,000

$148,000

28.7%

1%

4%

172.5%

Grosse Pointe(s)

$203,000

$240,000

18.2%

10%

10%

-2.3%

Northwest Michigan*

$165,500

$152,000

-8.2%

3%

2%

-17.0%

Total

$179,159

$174,928

-2.4%

6%

8%

31.1%

Data Source: MiRealsource, Realcomp, Ann Arbor Board & BrokerMetrics

Ave Chance reflects the % chance the average home will sell in the next 30 days under the current rate of sales

* Includes Grand Traverse, Kalkaska, Antrim, Leelanau and Benzie counties, waterfront properties and vacant land