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Novi Real Estate Sales

The Novi real estate sales have been moving at a decent rate, so far this year. Despite the down market it seems that Novi Real Estate has been selling. Now the prices that they are selling for may not be as high as you would like them to be, but if you keep in mind that Michigan is in short a declining market. There have been 15 Novi real estate sales thus far in 2008. This should start to pickup due to spring and summer being right around the corner.

Price Statistics Legend
Range Name Price Range Number of Listings Days on Market
R1150000 to 2000006170
R2200001 to 2500002123
R3250001 to 30000000
R4300001 to 35000000
R5350001 to 4000002100
R6400001 to 4500002222
R7450001 to 5000001153
R8500001 to 55000000
R9550001 to 60000000
R10600001 to 6500001272
R11650001 to 70000000
R12700001 to 7500001250

For the 15 listings:For the 15 Sold listings:
Average List Price$349,375.00Average Sold Price$323,788.00
Median List Price $225,000.00Median Sold Price $205,500.00
Highest List Price$750,000.00Highest Sold Price$730,000.00
Lowest List Price$169,900.00Lowest Sold Price$150,000.00
Average Market Time171Average Market Time173

This is based on information from the Board/Associations of Realtors (alternatively from the Realcomp II Ltd. MLS) on a search from January 1, 2008 through February 15, 2008.

Posted Friday Feb 15