Market Analysis & Statistics for Royal Oak Michigan March 2010
March 2010 median sale prices increased 10% from Feb. 2010 & # of homes sold increased 6%. Private owned median price increased 4% in March 2010 from Feb. 2010. Bank owned homes median price increased 23% in March 2010 from February 2010. March 2010 median sale price decreased 1% from March 09 & # homes sold increased 10% March 2010. Yr ending March 2010 median sale price compared to yr. ending March 09 decreased 18%. In the Month to Month comparisons for the past year (further below), the market is still fluctuating - however the gap from this is narrowing consistently over the past four months.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold March 2010
|
506 listings: |
|
63 Sold listings: |
|
|
Average List Price |
$155,753 |
Average Sold Price |
$122,224 |
|
Median List Price |
$144,900 |
Median Sold Price |
$111,500 |
|
Highest List Price |
$599,000 |
Highest Sold Price |
$267,000 |
|
Lowest List Price |
$25,000 |
Lowest Sold Price |
$25,750 |
|
Avg. Days On Market |
137 |
Avg. Days On Market |
76 |
|
Private Owned |
465 listings |
Private Owned |
46 Sold |
|
Median List Price |
$149,900 |
Median Sold Price |
$129,000 |
|
Bank Owned |
41 listings |
Bank Owned |
17 Sold |
|
Median List Price |
$85,000 |
Median Sold Price |
$93,000 |
Active & Sold February 2010
|
488 listings: |
|
59 Sold listings: |
|
|
Median List Price |
$143,950 |
Median Sold Price |
$100,000 |
|
Private Owned |
448 listings |
Private Owned |
39 Sold |
|
Median List Price |
$148,000 |
Median Sold Price |
$123,700 |
|
Bank Owned |
40 listings |
Bank Owned |
20 Sold |
|
Median List Price |
$79,900 |
Median Sold Price |
$71,250 |
Active & Sold March 2009
|
500 listings: |
|
57 Sold listings: |
|
|
Median List Price |
$144,900 |
Median Sold Price |
$112,500 |
April 1, 2008 – March 31, 2009
|
1110 listings: |
|
667 Sold listings: |
|
|
Median List Price |
$147,250 |
Median Sold Price |
$140,000 |
April 1, 2009 – March 31, 2010
|
1309 listings: |
|
866 Sold listings: |
|
|
Median List Price |
$129,900 |
Median Sold Price |
$115,000 |
|
|
Apr |
May |
June |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
Jan |
Feb |
Mar |
|
Compared to previous month |
-03 |
+22 |
+01 |
-14 |
+20 |
-15 |
+07 |
+05 |
-13 |
00 |
-09 |
+10 |
|
Compared to same month previous year (2008 – 2009) |
-41 |
-20 |
-22 |
-29 |
-04 |
-14 |
-14 |
-09 |
-05 |
+03 |
+05 |
-01 |
|
Compared Yr. Ending each month to previous Yr. Ending |
-20 |
-20 |
-23 |
-24 |
-23 |
-25 |
-24 |
-23 |
-23 |
-21 |
-20 |
-18 |
Monthly market analysis March 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in March 2010 with February 2010 & March 09; year ending March 09 with yr ending March 2010. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
View all Market Analysis for Royal Oak, Michigan
View Year ending December 2009 Market Analysis Royal Oak Michigan
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