The following is a monthly market analysis for Birmingham Michigan. It compares only residential homes sold in March 2009 with Feb. 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price. It shows all homes sold then private owned vs. Bank Owned/HUD. In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated. Birmingham Market Analysis also compares first quarter 09 to 08 and year ending March 2008 to March 2009. To exclude leases in data, minimum sale price used was $25,000.
Market Analysis
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March. 09 median sale prices decreased 4% from Feb. 09 & a 37% increase # of homes sold. Bank owned homes median price decreased 14% in March. 09 from Feb. 09. #of bank owned homes doubled in March 09 from Feb. 09 |
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Mar. 09 median sale price decreased 21% from Mar. 08 & 41% increase in # homes sold. |
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First Quarter 09 median sale price decreased 12% from First Quarter 2008 |
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Year ending Mar. 2008 median sale price compared to yr ending Mar. 09 decreased 16%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds March 2009
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421 listings: |
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27 Sold listings: |
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Average List Price |
$675,943 |
Average Sold Price |
$329,833 |
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Median List Price |
$445,000 |
Median Sold Price |
$265,000 |
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Highest List Price |
$4,995,000 |
Highest Sold Price |
$1,210,000 |
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Lowest List Price |
$46,000 |
Lowest Sold Price |
$45,000 |
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Avg. DOM |
210 |
Avg. DOM |
164 |
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Private Owned |
384 listings |
Private Owned |
19 Sold |
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Median List Price |
$475,000 |
Median Sold Price |
$305,000 |
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Bank Owned |
37 listings |
Bank Owned |
8 Sold |
|
Median List Price |
$157,500 |
Median Sold Price |
$118,750 |
Active & Solds February 2009
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384 listings: |
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17 Sold listings: |
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|
Median List Price |
$449,450 |
Median Sold Price |
$275,000 |
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Private Owned |
375 listings |
Private Owned |
10 Sold |
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Median List Price |
$475,000 |
Median Sold Price |
$372,500 |
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Bank Owned |
36 listings |
Bank Owned |
7 Sold |
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Median List Price |
$160,000 |
Median Sold Price |
$138,000 |
Active & Solds March 2008
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410 listings: |
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16 Sold listings: |
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Median List Price |
$449,000 |
Median Sold Price |
$334,230 |
First Quarter ending March 31, 2009
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447 listings: |
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53 Sold listings: |
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Median List Price |
$435,000 |
Median Sold Price |
$265,000 |
First Quarter ending March 31, 2008
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447 listings: |
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53 Sold listings: |
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Median List Price |
$444,900 |
Median Sold Price |
$300,000 |
April 1, 2007 - March 31, 2008
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614 listings: |
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220 Sold listings: |
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Median List Price |
$403,000 |
Median Sold Price |
$327,500 |
April 1, 2008 - March 31, 2009
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631 listings: |
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237 Sold listings: |
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Median List Price |
$395,000 |
Median Sold Price |
$275,000 |
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Market Analysis for Birmingham February 2009
Birmingham Michigan January 2009 Market Analysis
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Oakland County Market Analysis for January 2009
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