Northville Michigan Market Analysis July 2009
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July 09 median sale prices & # of homes sold remained relatively the same from June 09. Privately owned homes increased 16% in July 09 and Bank owned homes median price decreased 53% in July 09 from June 09. # of bank owned homes increased 22% in July 09 from June 09. Median price is because a couple higher end bank owned homes sold and does not necessarily reflect a drastic decrease in price |
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July 09 median sale price decreased 24% from July 08 & 8% increase in # homes sold. |
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Year ending July 2008 median sale price compared to yr ending July 09 decreased 11% & a 5% increase in # of home sold. |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds July 2009
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284 listings: |
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37 Sold listings: |
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Median List Price |
$425,000 |
Median Sold Price |
$350,000 |
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Avg. DOM |
211 |
Avg. DOM |
140 |
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Private Owned |
267 listings |
Private Owned |
28 Sold |
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Median List Price |
$450,000 |
Median Sold Price |
$387,500 |
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Bank Owned |
17 listings |
Bank Owned |
9 Sold |
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Median List Price |
$169,900 |
Median Sold Price |
$185,000 |
Active & Solds June 2009
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284 listings: |
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37 Sold listings: |
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Median List Price |
$440,000 |
Median Sold Price |
$348,900 |
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Private Owned |
269 listings |
Private Owned |
30 Sold |
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Median List Price |
$450,000 |
Median Sold Price |
$327,000 |
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Bank Owned |
15 listings |
Bank Owned |
7 Sold |
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Median List Price |
$260,900 |
Median Sold Price |
$393,500 |
Active & Solds July 2008
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281 listings: |
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34 Sold listings: |
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Median List Price |
$450,000 |
Median Sold Price |
$460,000 |
August 1, 2007 – July 31, 2008
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524 listings: |
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277 Sold listings: |
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Median List Price |
$425,000 |
Median Sold Price |
$375,000 |
August 1, 2008 – July 31, 2009
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540 listings: |
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293 Sold listings: |
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Median List Price |
$389,950 |
Median Sold Price |
$335,000 |
Monthly market analysis for Northville Michigan compares residential homes sold in July 2009 with June 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 & not calculated. To exclude leases in data, minimum sale price used was $5,000.
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