Market Analysis & Statistics For Birmingham MI December 2009
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December 09 median sale prices remained relatively the same from November 09 & a 13% decrease # of homes sold. Private owned homes median price increased 10% in Dec. 09 from Nov. 09. Bank owned homes median price decreased 10% in Dec. 09 from November 09. |
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December 09 median sale price increased 11% from December 08. |
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Yr ending Dec. 2009 median sale price compared to yr ending Dec. 08 decreased 14% |
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Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. |
Active & Solds December 2009
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300 listings: |
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34 Sold listings: |
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Median List Price |
$400,000 |
Median Sold Price |
$263,550 |
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Avg. DOM |
201 |
Avg. DOM |
123 |
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Private Owned |
283 listings |
Private Owned |
27 Sold |
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Median List Price |
$435,000 |
Median Sold Price |
$335,000 |
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Bank Owned |
17 listings |
Bank Owned |
7 Sold |
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Median List Price |
$139,900 |
Median Sold Price |
$115,000 |
Active & Solds November 2009
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333 listings: |
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39 Sold listings: |
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Median List Price |
$390,000 |
Median Sold Price |
$265,000 |
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Private Owned |
304 listings |
Private Owned |
26 Sold |
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Median List Price |
$422,500 |
Median Sold Price |
$302,500 |
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Bank Owned |
29 listings |
Bank Owned |
13 Sold |
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Median List Price |
$257,900 |
Median Sold Price |
$127,500 |
Active & Solds December 2008
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284 listings: |
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18 Sold listings: |
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Median List Price |
$399,950 |
Median Sold Price |
$234,500 |
January 1, 2009 – December 31, 2009
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617 listings: |
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351 Sold listings: |
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Median List Price |
$349,000 |
Median Sold Price |
$265,000 |
January 1, 2008– December 31, 2008
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513 listings: |
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247 Sold listings: |
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Median List Price |
$369,900 |
Median Sold Price |
$308,460 |
Birmingham Market Analysis compares only median sold price of residential homes sold in December 2009 with November 2009 & December 08; year ending December 08 with yr ending December 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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