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Birmingham Michigan Market Analysis Homes Sold October 2009

By
Real Estate Agent with RE/MAX Showcase Homes

Market Analysis For Birmingham MI October 2009

October 09 median sale prices increased 5% from September 09 & a 26% decrease # of homes sold. Private owned homes median price decreased 10% in Oct. 09 from Sept. 09.  Bank owned homes median price decreased 21% in Oct. 09 from September 09. 

October 09 median sale price increased 16% from October 08.

Yr ending Oct. 2009 median sale price compared to yr ending Oct. 08 decreased 19%

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds October 2009

340 listings:

 

28 Sold listings:

 

Median List Price 

$419,500

Median Sold Price 

$284,000

Avg. DOM

195

Avg. DOM

149

Private Owned

319 listings

Private Owned

24 Sold 

Median List Price 

$450,000

Median Sold Price 

$295,000

Bank Owned

21 listings

Bank Owned

4 Sold 

Median List Price 

$279,900

Median Sold Price 

$112,750

Active & Solds September 2009

384 listings:

 

38 Sold listings:

 

Median List Price 

$399,900

Median Sold Price 

$268,762

Private Owned

358 listings

Private Owned

27 Sold 

Median List Price 

$439,450

Median Sold Price 

$326,250

Bank Owned

26 listings

Bank Owned

11 Sold 

Median List Price 

$159,900

Median Sold Price 

$142,900

Active & Solds October 2008

333 listings:

 

21 Sold listings:

Median List Price 

$444,900

Median Sold Price 

$238,500

November 1, 2008 – October 31, 2009

627 listings:

 

315 Sold listings:

Median List Price 

$350,000

Median Sold Price 

$260,000

November 1, 2007– October 31, 2008

556 listings:

 

244 Sold listings:

Median List Price 

$389,950

Median Sold Price 

$320,000

Birmingham Market Analysis compares only median sold price of residential homes sold in October 09 with September 09 & October 08; year ending October 08 with yr ending October 09. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $15,000.

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Market Analysis for Birmingham September 2009

Market Analysis for Birmingham August 2009

Market Analysis for Birmingham July 2009

Market Analysis for Birmingham June 2009

Market Analysis for Birmingham May 2009

Market Analysis for Birmingham April 2009

Market Analysis for Birmingham March 2009

Market Analysis for Birmingham February 2009

Birmingham Michigan January 2009 Market Analysis

Oakland County Market Analysis for July 2009

Oakland County Market Analysis for June 2009

Oakland County Market Analysis for May 2009

Birmingham Michigan Realtor selling Oakland County Real Estate.   TishHouse sells Houses - selling Real Estate in Southeastern Michigan 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.

Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Cathy nice job with your analysis of the Birmingham Real Estate market! Hope things are well with you.

Nov 13, 2009 11:18 PM