Pending sales rise while inventory levels, average days on market continue declines over 2010
Oakland County:
number of on market listings = 8,151 = down 24.3% from June 2010
number of foreclosure sales = 533 = down 6.7%
number of non-foreclosure sales = 1,147 = down 6.1%
number of total sales = 1,680 = down 6.3%
median sale price on foreclosure sales = $54,200 = down 11.9% from June 2010
median sale price on non-foreclosure sales = $148,250 = down 2.5%
median sale price on all sales = $110,000 = down 12.0%
average days on market for month = 99
Lapeer County:
number of on market listings = 653 = down 18.1% from June 2010
number of foreclosure sales = 41 = down 12.8%
number of non-foreclosure sales = 44 = down 12.0%
number of total sales = 85 = down 12.4%
median sale price on foreclosure sales = $66,199 = up 8.3% from June 2010
median sale price on non-foreclosure sales = $122,500 = up 2.5%
median sale price on all sales = $79,900 = down 11.1%
average days on market for month = 109
Summary of inventory:
pending sales were up by 7.8% from last year
all MLS on market inventory was at 32,372 = 3,839 of these are foreclosures
inventory continues to decline as compared to June 2010
out of the total on market inventory = 7,135 have been short sales
of these 6,163 closed sales = 788 were short sales
average days on market for the entire MLS decreased from 99 to 90
Oxford, 48371:
new listings = 56 = up 14.3% from June 2010
active listings = 161
sold listings = 22 = down 37.1%
median sale price = $142,000
Metamora, 48455:
new listings = 23 = down 11.5%
active listings = 83
sold listings = 10 = up 25.0%
median sale price = $134,950
Lapeer, 48446:
new listings = 61 = down 16.4%
active listings = 204
sold listings = 28 = down 17.6%
median sale price = $69,500
Lake Orion, 48360:
new listings = 30 = up 114.3%
active listings = 41
sold listings = 13 = down 18.7%
median sale price = $83,500
To receive more information on new homes for sale or foreclosures for sale in Oakland or Lapeer Counties, contact me direct at 248-969-8065 or dhorne@cbshooltz.net TODAY!
Seller Services "price-service-guarantee" Buyer Services
references: realcomp, donsrealty.net
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