Lake Orion MI 2010 Sales Price Up! Inventory Low!
The year ending sales data for Lake Orion MI are preliminary since there were pulled from the MLS on Jan 6, 2011. There is a good possibility some late reported sales will come straggling in over the next few weeks. But as it stands now the unit sales for 2010 were the same as in 2009 (377 units) and up 20 units from 2008. The median sales price was up slightly but the average sale price was down a bit and the total dollars in closed sales was down from 2009.
Median Sales Price 2009 was $150,000
Median Sales Price 2010 was $152,000
Average Sales Price 2009 was $166,791
Average Sales Price 2010 was $158,535
Total Volume in 2009 was $62,880,360
Total Volume in 2010 was $59,767,780
Bank owned sales were down from 2009: 174 units in 2009 and 144 in 2010. There was an increase in short sale closings: 32 in 2009 and 74 in 2010.
The current inventory is low. 128 active listings on 1/4/2011 or a 4 month supply. On Jan 18, 2010 there were 188 active listings or a 6 month supply.
The best way to determine how a specific subdivision or neighborhood is doing is to contact me for a market analysis or for a more general idea of neighborhood prices check out the neighborhood pages linked below.
Individual Neighborhood Sales and Community Information
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