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Royal Oak Michigan Market Analysis Homes Sold November 2009

By
Real Estate Agent with RE/MAX Showcase Homes

Market Analysis for Royal Oak Michigan November 2009

Nov. 09 median sale prices increased 5% from Oct. 09 & # of homes sold decreased 8%. Private owned median price increased 6% in Nov.. 09 from Oct. 09.  Bank owned homes median price increased 20% in November 09 from October 09. 

Nov. 09 median sale price decreased 9% from Nov. 08 & # homes increased 51% in Nov. 2009 from November 2008  

Yr ending Nov. 09 median sale price compared to yr ending Nov. 08 decreased 23%;

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold November 2009

518 listings:

 

78 Sold listings:

 

Median List Price 

$146,950

Median Sold Price 

$126,500

Avg. Days On Market

145

Avg. Days On Market

109

Private Owned

478 listings

Private Owned

63 Sold 

Median List Price 

$149,900

Median Sold Price 

$143,000 

Bank Owned

40 listings

Bank Owned

15 Sold 

Median List Price 

$79,900

Median Sold Price 

$80,000

Active & Sold October 2009

547 listings:

 

85 Sold listings:

 

Median List Price 

$142,900

Median Sold Price 

$120,000

Private Owned

492 listings

Private Owned

62 Sold 

Median List Price 

$149,900

Median Sold Price 

$135,000

Bank Owned

55 listings

Bank Owned

23 Sold 

Median List Price 

$70,000

Median Sold Price 

$64,000

Active & Sold November 2008

478  listings:

 

38 Sold listings:

Median List Price 

$149,000

Median Sold Price 

$138,600

December 1, 2007 – November 30, 2008

1107 listings:

 

667 Sold listings:

Median List Price 

$150,000

Median Sold Price 

$150,000

December 1, 2008 – November 30, 2009

1220 listings:

 

780 Sold listings:

Median List Price 

$129,900

Median Sold Price 

$115,000

Monthly market analysis November 2009 for Royal Oak Michigan compares only median sold price of residential homes sold in November 09 with October 09 & November 08; year ending November 08 with yr ending November 09. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price.  To exclude leases in data, minimum sale price used was $5,000.

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Market Analysis for Royal Oak October 2009

Market Analysis for Royal Oak September 2009

Market Analysis for Royal Oak August 2009

Market Analysis for Royal Oak July 2009

Market Analysis for Royal Oak June 2009

Market Analysis for Royal Oak May 2009

Market Analysis for Royal Oak April 2009

Market Analysis for Royal Oak March 2009

Market Analysis for Royal Oak February 2009

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Royal Oak Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan 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.