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Michigan May Market Stats Over 100K

By
Real Estate Agent with Real Estate One

Here are the May stats for homes priced above 100,000.

 

Homes Prices above $100,000

 

 

     Number of Homes Pending

    Available Homes for Sale

 

Area

May 08

May 09

% Change

May 08

May 09

% Change

 

Oakland County

899

          889

-1.1%

15,322

    11,618

-24.2%

 

Macomb County

410

          493

20.2%

5,197

     4,309

-17.1%

 

Livingston County

145

          168

15.9%

2,606

     2,011

-22.8%

 

Washtenaw County

277

          268

-3.2%

2,606

     2,021

-22.4%

 

Wayne County ( - Detroit & G.P.)

427

          422

-1.2%

6,316

     4,342

-31.3%

 

Detroit

19

            32

68.4%

1,348

        833

-38.2%

 

Grosse Pointe(s)

59

            57

-3.4%

603

        596

-1.2%

 

Northwest Michigan*

135

          110

-18.5%

4,852

     4,762

-1.9%

 

Total

        2,371

       2,439

2.9%

   38,850

   30,492

-21.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Median Sale Price

 

   Ave Chance of Selling (in 30 days)

Area

May 08

May 09

% Change

May 08

May 09

% Change

 

Oakland County

    $189,000

  $185,000

-2.1%

6%

8%

30.4%

 

Macomb County

    $162,750

  $152,000

-6.6%

8%

11%

45.0%

 

Livingston County

    $183,000

  $162,250

-11.3%

6%

8%

50.1%

 

Washtenaw County

    $197,305

  $210,000

6.4%

11%

13%

24.8%

 

Wayne County ( - Detroit & G.P.)

    $165,000

  $162,500

-1.5%

7%

10%

43.8%

 

Detroit

    $115,000

  $148,000

28.7%

1%

4%

172.5%

 

Grosse Pointe(s)

    $203,000

  $240,000

18.2%

10%

10%

-2.3%

 

Northwest Michigan*

    $165,500

  $152,000

-8.2%

3%

2%

-17.0%

 

Total

     $179,159

   $174,928

-2.4%

6%

8%

31.1%

 

 

 

 

 

 

 

 

 

Data Source: MiRealsource, Realcomp, Ann Arbor Board & BrokerMetrics

 

 

 

 

Ave Chance reflects the % chance the average home will sell in the next 30 days under the current rate of sales

 

 

 

 

 

 

 

 

 

* Includes Grand Traverse, Kalkaska, Antrim, Leelanau and Benzie counties, waterfront properties and vacant land