Market Analysis & Statistics For Birmingham MI January 2011
January 2011 median sale prices decreased 01% from December 2010 & a 43% decrease # of homes sold. Private owned homes median price increased 27% in January 2011 from December 2010 and # of homes sold decreased 50%. Bank owned homes median price increased 09% in January 2011 from December 2010. January 2011 median sale price decreased 25% from January 2010. Yr ending January 2011 median sale price compared to yr ending January 20010 decreased 10%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds January 2011
| 225 listings: | 23 Sold listings: | ||
| Average List Price | $635,655 | Average Sold Price | $350,501 |
| Median List Price | $425,000 | Median Sold Price | $241,000 |
| Highest List Price | $6,900,000 | Highest Sold Price | $846,500 |
| Lowest List Price | $68,900 | Lowest Sold Price | $103,000 |
| Avg. DOM | 205 | Avg. DOM | 93 |
| Private Owned | 207 listings | Private Owned | 16 Sold |
| Median List Price | $497,500 | Median Sold Price | $407,500 |
| Bank Owned | 18 listings | Bank Owned | 7 Sold |
| Median List Price | $127,400 | Median Sold Price | $125,000 |
Active & Solds December 2010
| 239 listings: | 40 Sold listings: | ||
| Median List Price | $425,000 | Median Sold Price | $243,500 |
| Private Owned | 223 listings | Private Owned | 32 Sold |
| Median List Price | $449,000 | Median Sold Price | $297,500 |
| Bank Owned | 16 listings | Bank Owned | 8 Sold |
| Median List Price | $118,400 | Median Sold Price | $114,200 |
Active & Solds January 2010
| 221 listings: | 19 Sold listings: | ||
| Median List Price | $425,000 | Median Sold Price | $320,000 |
February 1, 2009 – January 31, 2010
| 567 listings: | 365 Sold listings: | ||
| Median List Price | $349,000 | Median Sold Price | $275,000 |
February 1, 2010– January 31, 2011
| 600 listings: | 398 Sold listings: | ||
| Median List Price | $320,000 | Median Sold Price | $247,500 |
Birmingham Market Analysis compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 2011. 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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