Monthly statistical summary for May 2011
Lapeer County:
number of on market listings = 663 = down 14.8% from May 2010
number of foreclosure sales = 50 = up 25.0%
number of non-foreclosure sales = 34 = down 35.8%
number of total sales = 84 = down 9.7%
median sale price on foreclosure sales = $45,000 = down 32.1% from May 2010
median sale price on non-foreclosure sales = $94,500 = down 3.1%
median sale price on all sales = $65,050 = down 23.5%
average days on market for month = 96
Oakland County:
number of on market listings = 8,415 = down 22.0% from May 2010
number of foreclosure sales = 481 = down 9.9%
number of non-foreclosure sales = 948 = down 12.4%
number of total sales = 1,429 = down 11.6%
median sale price on foreclosure sales = $57,000 = down 9.5% from May 2010
median sale price on non-foreclosure sales = $153,950 = up 6.2%
median sale price on all sales = $115,000 = down 4.5%
average days on market for month = 111
Summary of inventory:
*pending sales were up by 6.7% from last year
*all MLS on market inventory was at 33,029 units
*inventory continues to decline
*out of the total on market inventory, 7,350 of them have been short sales
*overall, short sales that closed in May were up 14.0%
*the average days on market for the entire MLS decreased from 103 to 97
Lake Orion, 48360:
new listings = 20 = down 31.0%
active listings = 33
sold listings = 17 = up 13.3%
Oxford, 48371:
new listings = 58 = up 26.1%
active listings = 148
sold listings = 17 = down 22.7%
Metamora, 48455:
new listings = 26 = up 36.8%
active listings = 91
sold listings = 5 = down 50.0%
Lapeer, 48446:
new listings = 59 = 0%
active listings = 206
sold listings = 31 = down 6.1%
To receive more information on area homes for sale in Oakland or Lapeer Counties, please contact me direct at 248-969-8065 / 810-338-0628 or dhorne@cbshooltz.net TODAY!
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references: realcomp, donsrealty.net
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