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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