The Novi real estate sales have been moving at a decent rate, so far this year. Despite the down market it seems that Novi Real Estate has been selling. Now the prices that they are selling for may not be as high as you would like them to be, but if you keep in mind that Michigan is in short a declining market. There have been 15 Novi real estate sales thus far in 2008. This should start to pickup due to spring and summer being right around the corner.
| Price Statistics Legend |
| Range Name | Price Range | Number of Listings | Days on Market | | R1 | 150000 to 200000 | 6 | 170 | | R2 | 200001 to 250000 | 2 | 123 | | R3 | 250001 to 300000 | 0 | 0 | | R4 | 300001 to 350000 | 0 | 0 | | R5 | 350001 to 400000 | 2 | 100 | | R6 | 400001 to 450000 | 2 | 222 | | R7 | 450001 to 500000 | 1 | 153 | | R8 | 500001 to 550000 | 0 | 0 | | R9 | 550001 to 600000 | 0 | 0 | | R10 | 600001 to 650000 | 1 | 272 | | R11 | 650001 to 700000 | 0 | 0 | | R12 | 700001 to 750000 | 1 | 250 |
| | For the 15 listings: | For the 15 Sold listings: | | Average List Price | $349,375.00 | Average Sold Price | $323,788.00 | | Median List Price | $225,000.00 | Median Sold Price | $205,500.00 | | Highest List Price | $750,000.00 | Highest Sold Price | $730,000.00 | | Lowest List Price | $169,900.00 | Lowest Sold Price | $150,000.00 | | Average Market Time | 171 | Average Market Time | 173 |
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This is based on information from the Board/Associations of Realtors (alternatively from the Realcomp II Ltd. MLS) on a search from January 1, 2008 through February 15, 2008.
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