The following is a monthly market analysis for Birmingham Michigan Real Estate. It compares only residential homes sold in April 2009 with March 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 of Homes Sold also compares year ending April 2008 to April 2009. To exclude leases in data, minimum sale price used was $15,000.
Market Analysis For Birmingham MI April 2009
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April 09 median sale prices decreased 7% from March 09 & a 10% increase # of homes sold. Private owned homes median price increased 23% in April 09. Bank owned homes median price increased 36% in April 09 from March 09. # of bank owned homes doubled in April 09 from March 09 |
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April 09 median sale price decreased 11% from April 08 & 27% increase in # homes sold in April 09. |
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Year ending April 2008 median sale price compared to yr ending April 09 decreased 17%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds April 2009
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406 listings: |
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30 Sold listings: |
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Median List Price |
$425,000 |
Median Sold Price |
$247,500 |
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Avg. DOM |
197 |
Avg. DOM |
128 |
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Private Owned |
336 listings |
Private Owned |
14 Sold |
|
Median List Price |
$450,000 |
Median Sold Price |
$393,750 |
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Bank Owned |
40 listings |
Bank Owned |
16 Sold |
|
Median List Price |
$166,400 |
Median Sold Price |
$184,450 |
Active & Solds March 2009
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421 listings: |
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27 Sold listings: |
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|
Median List Price |
$445,000 |
Median Sold Price |
$265,000 |
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Private Owned |
384 listings |
Private Owned |
19 Sold |
|
Median List Price |
$475,000 |
Median Sold Price |
$305,000 |
|
Bank Owned |
37 listings |
Bank Owned |
8 Sold |
|
Median List Price |
$157,500 |
Median Sold Price |
$118,750 |
Active & Solds April 2008
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398 listings: |
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22 Sold listings: |
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Median List Price |
$424,750 |
Median Sold Price |
$277,250 |
May 1, 2007 – April 30, 2008
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619 listings: |
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243 Sold listings: |
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Median List Price |
$400,000 |
Median Sold Price |
$350,000 |
May 1, 2008 – April 30, 2009
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634 listings: |
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258 Sold listings: |
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Median List Price |
$397,000 |
Median Sold Price |
$289,500 |
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Market Analysis for Birmingham March 2009
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
Birmingham 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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