Novi Michigan Real Estate Market General Area Update July 2015

Real Estate Agent with National Realty Centers Livonia--Bob Jakowinicz

Novi Michigan Real Estate Market General Area Update July 2015


Thank you for stopping by our Novi Michigan Real Estate area update.  The market has been very Novi Michigan City Signstrong in 2015 for the general Novi area (Farmington Hills, Northville, Commerce Twp, Livonia, South Lyon, Plymouth and Canton) as it has been for the past few years.  For more local real estate information feel free to visit any of our websites, and anytime.  If you have any specific real estate related questions or concerns please feel free to contact us at 734-578-6561 or email


Market Report – June 2015
10 Year Records…..
•  Median Sales Price of $160,000
•  Number of Units Sold, 7,274
•  Days on Market was only 43 Days
 Highlights and Analysis
•  Median sale price for All MLS sales increased to $160,000 – up 10%
•  All MLS sales were up 14% from 6,375 to 7,274.
Synopsis of Inventory
•  Average Days On-Market stayed exactly the same, 43 days
•  The on-market inventory increased by 2% from 23,862 to 24,296.
•  6% of our inventory is designated as a bank foreclosure
Over the Last 10 Years…
•  June sales reached a 10 year high last month at 7,274
•  June sales reached a low 2007 at 4,723.
•  June DOM reached a high in 2008 at 121
•  June DOM reached a ten year low last month at 43 days.
•  June Median Sales Price reached a ten year high last month at $160,000
•  June Median Sales Price reached a low in 2009 at $56,000

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Michigan Oakland County Novi
Blogging & SEO
Market Reports
HyperLocal Neighborhood and Community Posts
novi michigan
novi real estate statistics
real estate agent bob jakowinicz
novi market trends

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Bob Jakowinicz

Michigan Real Estate Agent-- MI RE Adventures
Ask Me a question
Spam prevention

Additional Information