lake orion mi market conditions: Lake Orion MI Home Sales- Market Update - 11/17/14 03:49 AM
Lake Orion MI Home Sales- Market Update
Unit sales are down and average and median sales prices are up. Or are they?
Lake Orion, MI is recovering from a housing crisis that lasted close to a decade. Statistics show that prices started dropping in 2006. I felt it in 2005. In 2009 the amount of distressed sales (foreclosure and short sales) surpassed the amount of non-distressed sales. Distressed sales were the norm for 3 years. 3 years where Lake Orion MI had more foreclosure and short sale closings than regular old fashioned sales. And when you have that many distressed sales … (1 comments)

lake orion mi market conditions: Lake Orion MI 2010 Sales Price Up! Inventory Low! - 01/06/11 11:03 AM
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 … (0 comments)

 
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Jackie Hawley

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