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Rochester & Rochester Hills Michigan Market Analysis & Statistics Homes Sold March 2010

By
Real Estate Agent with RE/MAX Showcase Homes

 

Rochester Hills Michigan Market Analysis & Statistics Homes Sold March 2010

March 2010 median sale prices increased 12% from February 2010 & # of homes sold increased 31% in March 2010.  Bank owned homes median price increased 19% in March 2010 from February 2010.  Private owned homes median price decreased 7% in March 2010 from February 2010 & # homes increased 48% in March 2010. March 2010 median sale price increased 7% from March 2009. Yr ending Mar. 2010 median sale price compared to yr ending Mar. 09 decreased 16%.

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

 

Active & Solds March 2010

534 listings:

 

68 Sold listings:

 

Average List Price

$285,727

Average Sold Price

$205,826

Median List Price 

$224,450

Median Sold Price

$205,000 

Highest List Price

$2,499,000

Highest Sold Price

$500,000

Lowest List Price

$25,000

Lowest Sold Price

$20,000

Avg. DOM

206

Avg. DOM

97

Private Owned

498 listings

Private Owned

56 Sold 

Median List Price 

$229,950

Median Sold Price 

$206,500

Bank Owned

36 listings

Bank Owned

12 Sold 

Median List Price 

$152,240

Median Sold Price 

$151,500

Active & Solds February 2010

501 listings:

 

47 Sold listings:

 

Median List Price 

$228,900

Median Sold Price 

$180,000

Private Owned

460 listings

Private Owned

29 Sold 

Median List Price 

$244,950

Median Sold Price 

$222,000

Bank Owned

41 listings

Bank Owned

18 Sold 

Median List Price 

$134,000

Median Sold Price 

$122,500

Active & Solds March 2009

507  listings:

 

41 Sold listings:

 

Median List Price 

$220,000

Median Sold Price 

$190,000

April 1, 2008 – March 31, 2009

1084 listings:

 

618 Sold listings:

 

Median List Price 

$231,000

Median Sold Price 

$219,750

April 1, 2009 – March 31, 2010

1247 listings:

 

781 Sold listings:

 

Median List Price 

$204,900

Median Sold Price 

$185,000

 

 

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Compared to previous month

+02

-04

-05

-01

+13

-15

00

+05

00

+08

-09

+12

Compared to same month previous year (2008 – 2009)

-10

-13

-21

-28

-01

-22

-20

-03

+03

 00

-13

+07

Compared to Yr. Ending same month previous Yr.

-15

-14

-13

-16

-14

-16

-18

-18

-18

-16

-16

-16

Compares Rochester & Rochester Hills median price of homes sold for residential homes sold in March 2010 with February 2010 & March 09; year ending March 09 with yr ending March 2010. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $10,000.

Click Here for all market analysis for Rochester & Rochester Hills Michigan.

Click Here for year to date statistics and market analysis for 2009 for Rochester & Rochester Hills Michigan.

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Rochester Hills Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michiganwith RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to sayabout my extraordinary customer service.  Follow me on Twitter..

 

Comments (3)

Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Great job as usual keeping your readers up to speed and understanding what is going on in the market.

May 03, 2010 09:10 AM
Loan Survivor Real Estate Financing Expert
Purchases, First Time Buyers, Pre-Approvals, Refinance - Birmingham, MI

You're fantastically dependable when it comes to these market reports:)

May 04, 2010 12:24 AM
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes

Great job on your market analysis report!  This so helpful to new your new and current clients.  Have a great week!

May 06, 2010 05:46 AM