The following is a monthly market analysis for Northville Michigan. It compares only residential homes sold in March 2009 with Feb. 2009 to determine the # of homes sold for the month and the increase or decrease in median sold price. It shows all homes sold then private owned vs. Bank Owned/HUD. In the latter part of 2008, Realtors were required to categorize ownership status so figures are not accurate for bank owned in earlier months and not calculated. Northville Market Analysis also compares first quarter 09 to 08 and year ending March 2008 to March 2009. To exclude leases in data, minimum sale price used was $5,000.
Market Analysis
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March. 09 median sale prices decreased 4% from Feb. 09 & a 24% decrease # of homes sold. Privately owned homes decreased 4% in March 09 and Bank owned homes median price increased slightly in March. 09 from Feb. 09. #of bank owned homes stayed the same in March 09 from Feb. 09 |
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Mar. 09 median sale price increased 1% from Mar. 08 & 19% increase in # homes sold. |
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First Quarter 09 median sale price decreased 6% from First Quarter 2008 |
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Year ending Mar. 2008 median sale price compared to yr ending Mar. 09 decreased 9%; |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds March 2009
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284 listings: |
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16 Sold listings: |
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Average List Price |
$537,344 |
Average Sold Price |
$329,844 |
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Median List Price |
$446,000 |
Median Sold Price |
$308,500 |
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Highest List Price |
$3,999,000 |
Highest Sold Price |
$747,859 |
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Lowest List Price |
$15,000.00 |
Lowest Sold Price |
$87,000 |
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Avg. DOM |
210 |
Avg. DOM |
164 |
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Private Owned |
268 listings |
Private Owned |
12 Sold |
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Median List Price |
$450,000 |
Median Sold Price |
$308,500 |
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Bank Owned |
16 listings |
Bank Owned |
4 Sold |
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Median List Price |
$290,000 |
Median Sold Price |
$308,750 |
Active & Solds February 2009
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283 listings: |
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21 Sold listings: |
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Median List Price |
$445,000 |
Median Sold Price |
$322,000 |
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Private Owned |
273 listings |
Private Owned |
17 Sold |
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Median List Price |
$450,000 |
Median Sold Price |
$322,000 |
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Bank Owned |
18 listings |
Bank Owned |
4 Sold |
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Median List Price |
$272,700 |
Median Sold Price |
$307,500 |
Active & Solds March 2008
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281 listings: |
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13 Sold listings: |
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Median List Price |
$447,000 |
Median Sold Price |
$305,000 |
First Quarter ending March 31, 2009
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321 |
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53 Sold listings: |
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Median List Price |
$435,000 |
Median Sold Price |
$325,000 |
First Quarter ending March 31, 2008
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447 listings: |
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53 Sold listings: |
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Median List Price |
$446,000 |
Median Sold Price |
$346,000 |
April 1, 2007 - March 31, 2008
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537 listings: |
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273 Sold listings: |
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Median List Price |
$445,000 |
Median Sold Price |
$400,000 |
April 1, 2008 - March 31, 2009
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562 listings: |
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298 Sold listings: |
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Median List Price |
$416,249 |
Median Sold Price |
$363,750 |
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Market Analysis for Northville February 2009
Northville Realtor selling Real Estate in Southeastern Michigan. TishHouse sells Houses - selling Oakland County Real Estate with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me on Twitter.
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