Market Analysis for Oakland County July 2009
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July 09 median price for All Oakland County homes increased 6% from June 09. # Of homes sold in July 09 was relatively the same from June 09 |
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Southfield & Pontiac are cities hit heavily w/ foreclosures affecting overall median price of homes sold in Oakland County. Removing these cities in the analysis shows a 2% increase in overall sold median price in July 09 and a 5% increase median sold price in bank owned for July 09 |
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There is a 63% higher median price of private owned homes sold in all of Oakland County compared to private owned in just cities of Pontiac & Southfield in July 09 |
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July 09 median sale price decreased 24% from July 08 & 6% increase in # homes sold. As Pontiac & Southfield indicate, sold prices vary from city to city and must be calculated independently to get a true picture of current market trends. |
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Medium Sale price yr ending July 09 compared to yr ending July 08 decreased 28% |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
All Active & Sold July 2009
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11479 listings: |
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1242 Sold listings: |
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Median List Price |
$185,900 |
Median Sold Price |
$120,000 |
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Avg. DOM |
183 |
Avg. DOM |
108 |
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Private Owned |
10023 listings |
Private Owned |
679 Sold |
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Median List Price |
199,900 |
Median Sold Price |
168,000 |
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Bank Owned |
1458 listings |
Bank Owned |
564 Sold |
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Median List Price |
$76,600 |
Median Sold Price |
$60,000 |
All Actives & Sold July 09 w/o Pontiac & Southfield
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10524 listings: |
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1109 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$132,500 |
All Private Owned Actives & Sold July 09 w/o Pontiac & Southfield
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9303 listings: |
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649 Sold listings: |
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Median List Price |
$219,000 |
Median Sold Price |
$174,000 |
All Private Owned Actives & Sold July 09 in Pontiac & Southfield
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721 listings: |
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32 Sold listings: |
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Median List Price |
$74,000 |
Median Sold Price |
$62,450 |
Bank Owned Actives & Sold July 09 w/o Pontiac & Southfield
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1221 listings: |
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460 Sold listings: |
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Median List Price |
$86,000 |
Median Sold Price |
$73,500 |
All Active & Sold June 2009
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11471 listings: |
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1236 Sold listings: |
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Median List Price |
$185,000 |
Median Sold Price |
$112,500 |
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Private Owned |
9961 listings |
Private Owned |
616 Sold |
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Median List Price |
199,900 |
Median Sold Price |
162,340 |
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Bank Owned |
1513 listings |
Bank Owned |
620 Sold |
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Median List Price |
$77,000 |
Median Sold Price |
$60,000 |
Actives & Sold June 09 w/o Pontiac & Southfield
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10485 listings: |
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1071 Sold listings: |
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Median List Price |
$199,900 |
Median Sold Price |
$130,000 |
Private Owned Actives & Sold June 09 w/o Pontiac & Southfield
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9243 listings: |
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589 Sold listings: |
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Median List Price |
$219,000 |
Median Sold Price |
$169,900 |
Bank Owned Actives & Sold June 09 w/o Pontiac & Southfield
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1241 listings: |
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482 Sold listings: |
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Median List Price |
$89,900 |
Median Sold Price |
$70,000 |
All Actives & Sold July 08
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11488 listings: |
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1164 Sold listings: |
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Median List Price |
$189,900 |
Median Sold Price |
$157,500 |
August 1, 2007 – July 30, 2008 – All Homes
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20597 listings: |
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10360 Sold listings: |
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Median List Price |
$184,900 |
Median Sold Price |
$167,600 |
August 1, 2008 – July 30, 2009 – All Homes
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22605 listings: |
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12368 Sold listings: |
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Median List Price |
$154,900 |
Median Sold Price |
$120,000 |
The monthly market analysis for Oakland County Michigan Real Estate compares only residential homes sold in July 2009 with June 2009 to determine the # of homes sold for the month and the increase/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. Oakland County Market Analysis for Homes Sold also compares year ending July 2008 to July 2009. Since Pontiac & Southfield have been hit hard with foreclosures, this market analysis calculates sold prices with and without these cities. Using generalities when determining market trends must be calculated for individual cities as they vary according to # of foreclosures, schools and property taxes. To insure most leases are not included in data, minimum sale price used was $10,000.
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Oakland County Market Analysis for June 2009
Oakland County Market Analysis for May 2009
Oakland County Market Analysis for April 2009
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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