Market Analysis for Royal Oak Michigan May 2011
May 2011 median sale price decreased 10% from April 2011 & # of homes sold decreased 12%. Private owned median price decreased 09% in May 2011 from April 2011. Bank owned homes median price decreased 15% in May 2011 from April 2011. May 2011 median sale price decreased 20% compared to May 2010 & # homes sold decreased 07% in May 2011. Year ending May 2011 median sale price compared to year ending May 2010 decreased 02% and homes sold decreased 16% year ending May 2011 compared to year ending May 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold May 2011
| 413 listings: | 82 Sold listings: | ||
| Average List Price | $140,854 | Average Sold Price | $118,004 |
| Median List Price | $129,900 | Median Sold Price | $108,750 |
| Highest List Price | $669,000 | Highest Sold Price | $500,000 |
| Lowest List Price | $31,900 | Lowest Sold Price | $ 26,501 |
| Avg. Days On Market | 130 | Avg. Days On Market | 130 |
| Private Owned | 372 listings | Private Owned | 66 Sold |
| Median List Price | $135,500 | Median Sold Price | $128,750 |
| Bank Owned | 41 listings | Bank Owned | 16 Sold |
| Median List Price | $74,900 | Median Sold Price | $66,500 |
Active & Sold April 2011
| 429 listings: | 93 Sold listings: | ||
| Median List Price | $129,900 | Median Sold Price | $121,000 |
| Private Owned | 372 listings | Private Owned | 67 |
| Median List Price | $139,388 | Median Sold Price | $142,000 |
| Bank Owned | 57 listings | Bank Owned | 26 Sold |
| Median List Price | $82,250 | Median Sold Price | $78,375 |
Active & Sold May 2010
| 421 listings: | 88 Sold listings: | ||
| Median List Price | $132,000 | Median Sold Price | $ 135,750 |
June 1, 2009 – May 31, 2010
| 1258 listings: | 925 Sold listings: | ||
| Median List Price | $125,000 | Median Sold Price | $119,900 |
June 1, 2010 – May 31, 2011
| 1111 listings: | 778 Sold listings: | ||
| Median List Price | $124,900 | Median Sold Price | $115,000 |
Monthly market analysis May 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in May 2011 with April 2011 & May 2010; year ending May 2010 with yr ending May 2011. 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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