The following is a monthly market analysis for Rochester & Rochester Hills 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. Rochester Hills 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 $15,000.
Market Analysis
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March. 09 median sale prices decreased 7% from Feb. 09 & a 30% increase # of homes sold. Bank owned homes median price decreased 37% in March. 09 from Feb. 09. #of bank owned homes increased 35% in March 09 from Feb. 09 |
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Private owned homes increased 1% in March 09 from Feb. 09 & # sold increased 26% |
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Mar. 09 median sale price decreased 10% from Mar. 08 & 10% increase in # homes sold. |
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First Quarter 09 median sale price decreased 13% from First Quarter 2008 |
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Year ending Mar. 2009 median sale price compared to yr ending Mar. 08 decreased 14%; |
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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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670 listings: |
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40 Sold listings: |
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Average List Price |
$306,198 |
Average Sold Price |
$195,648 |
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Median List Price |
$243,575 |
Median Sold Price |
$194,500 |
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Highest List Price |
$2,499,000 |
Highest Sold Price |
$505,000 |
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Lowest List Price |
$25,000 |
Lowest Sold Price |
$33,750 |
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Avg. DOM |
210 |
Avg. DOM |
164 |
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Private Owned |
594 listings |
Private Owned |
23 Sold |
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Median List Price |
$250,500 |
Median Sold Price |
$209,000 |
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Bank Owned |
76 listings |
Bank Owned |
17 Sold |
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Median List Price |
$127,400 |
Median Sold Price |
$155,000 |
Active & Solds February 2009
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658 listings: |
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28 Sold listings: |
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Median List Price |
$245,000.00 |
Median Sold Price |
$210,000 |
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Private Owned |
588 listings |
Private Owned |
17 Sold |
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Median List Price |
$250,500 |
Median Sold Price |
$206,150 |
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Bank Owned |
70 listings |
Bank Owned |
11 Sold |
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Median List Price |
$129,900 |
Median Sold Price |
$246,000 |
Active & Solds March 2008
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666 listings: |
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36 Sold listings: |
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Median List Price |
$246,250 |
Median Sold Price |
$215,000 |
First Quarter ending March 31, 2009
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735 listings: |
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105 Sold listings: |
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Median List Price |
$240,000 |
Median Sold Price |
$202,000 |
First Quarter ending March 31, 2008
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732 listings: |
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102 Sold listings: |
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Median List Price |
$248,250 |
Median Sold Price |
$232,357 |
April 1, 2007 - March 31, 2008
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1245 listings: |
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615 Sold listings: |
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Median List Price |
$239,900 |
Median Sold Price |
$220,000 |
April 1, 2008 - March 31, 2009
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1272 listings: |
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642 Sold listings: |
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Median List Price |
$259,900 |
Median Sold Price |
$255,000 |
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Rochester Hills Market Analysis February 2009
Rochester Hills Market Analysis for January 2009
Oakland County Market Analysis for March 2009
Oakland County Market Analysis for February 2009
Rochester Hills Realtor selling Real Estate in Southeastern Michigan. TishHouse sells Houses - selling Oakland County Real Estate 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.
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