Market Analysis for Royal Oak Michigan September 2010
September 2010 median sale prices increased 14% from August 2010 & # of homes sold increased 25%. Private owned median price increased 01% in September 2010 from August 2010. Bank owned homes median price decreased 26% in September 2010 from August 2010. September 2010 median sale price increased 02% from September 09 & # homes sold decreased 08% in September 2010. Year ending September 2010 median sale price compared to year ending September 09 increased 03% and homes sold increased 18% year ending September 2010 compared to year ending September 2009.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold September 2010
| 503 listings: | 72 Sold listings: | ||
| Average List Price | $143,484 | Average Sold Price | $113,697 |
| Median List Price | $135,000 | Median Sold Price | $113,750 |
| Highest List Price | $595,000 | Highest Sold Price | $285,000 |
| Lowest List Price | $20,000 | Lowest Sold Price | $ 26,100 |
| Avg. Days On Market | 135 | Avg. Days On Market | 98 |
| Private Owned | 447 listings | Private Owned | 56 Sold |
| Median List Price | $139,900 | Median Sold Price | $123,750 |
| Bank Owned | 56 listings | Bank Owned | 16 Sold |
| Median List Price | $75,300 | Median Sold Price | $59,900 |
Active & Sold August 2010
| 506 listings: | 54 Sold listings: | ||
| Median List Price | $139,900 | Median Sold Price | $97,499 |
| Private Owned | 451 listings | Private Owned | 37 Sold |
| Median List Price | $149,900 | Median Sold Price | $122,000 |
| Bank Owned | 55 listings | Bank Owned | 17 Sold |
| Median List Price | $79,900 | Median Sold Price | $81,000 |
Active & Sold September 2009
| 510 listings: | 79 Sold listings: | ||
| Median List Price | $135,000 | Median Sold Price | $112,000 |
October 1, 2008 – September 30, 2009
| 1154 listings: | 723 Sold listings: | ||
| Median List Price | $129,875 | Median Sold Price | $115,000 |
October 1, 2009 – September 30, 2010
| 1311 listings: | 880 Sold listings: | ||
| Median List Price | $129,900 | Median Sold Price | $119,000 |
Monthly market analysis September 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in September 2010 with August 2010 & September 09; year ending September 2009 with yr ending September 2010. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
| Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | June | July | Aug | Sept | |
| Compared to previous month | +07 | +05 | -13 | 00 | -09 | +10 | +07 | +11 | -01 | -26 | -01 | +14 |
| Compared to same month previous year (2008 – 2009) | -14 | -09 | -05 | +03 | +05 | -01 | +21 | +14 | +09 | -06 | -26 | +02 |
| Compared Yr. Ending each month to previous Yr. Ending | -24 | -23 | -23 | -21 | -20 | -18 | -13 | -09 | -04 | 00 | 00 | +03 |
Royal Oak 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..
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