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Market Analysis & Statistics For Birmingham MI May 2010

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Real Estate Agent with RE/MAX Showcase Homes

Market Analysis & Statistics For Birmingham MI May 2010

May 2010 median sale prices decreased 23% from April‘10 & a 7% decrease # of homes sold. Private owned homes median price decreased 22% in May ‘10 from April ‘10.  Bank owned homes median price decreased 25% in May‘10 from April ‘10.  May 2010 median sale price decreased 23% from May 09. Yr ending May 2010 median sale price compared to yr ending May 2009 decreased 04%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Solds May 2010

321 listings:

 

39 Sold listings:

 

Average List Price

$644,453

Average Sold Price

$251,796

Median List Price 

$449,900

Median Sold Price 

$190,000

Highest List Price

$5,900,000

Highest Sold Price

$636,250

Lowest List Price

$85,900

Lowest Sold Price

$84,000

Avg. DOM

159

Avg. DOM

62

Private Owned

301 listings

Private Owned

27 Sold 

Median List Price 

$474,900

Median Sold Price 

$190,000

Bank Owned

20 listings

Bank Owned

12 Sold 

Median List Price 

$199,950

Median Sold Price 

$188,150

Active & Solds April 2010

302 listings:

 

42  Sold listings:

 

Median List Price 

$469,000

Median Sold Price 

$247,450

Private Owned

284 listings

Private Owned

31 Sold 

Median List Price 

$499,000

Median Sold Price 

$245,000

Bank Owned

18 listings

Bank Owned

11 Sold 

Median List Price 

$226,200

Median Sold Price 

$251,535

Active & Solds May 2009

306 listings:

 

24 Sold listings:

Median List Price 

$465,000

Median Sold Price 

$245,325

June 1, 2009 – May 31, 2010

691 listings:

 

409 Sold listings:

Median List Price 

$349,900

Median Sold Price 

$260,000

June 1, 2008– May 31, 2009

546 listings:

 

264 Sold listings:

Median List Price 

$399,450

Median Sold Price 

$270,000

Birmingham Market Analysis compares only median sold price of residential homes sold in May 2010 with April 2010 & May 09; year ending May 09 with yr ending May 2010.  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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Birmingham Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate 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 onTwitter..