Market Analysis for Royal Oak Michigan April 2010

Market Analysis for Royal Oak Michigan April 2010

April 2010 median sale prices increased 7% from Mar. 2010 & # of homes sold increased 25%. Private owned median price decreased 5% in April 2010 from Mar. 2010.  Bank owned homes median price increased 10% in April 2010 from March 2010. April 2010 median sale price increased 21% from April 09 & # homes sold increased 30% April 2010. Yr ending April 2010 median sale price compared to yr ending April 09 decreased 13%.

Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold April 2010

512 listings: 84 Sold listings:
Average List Price $148,296 Average Sold Price $122,268
Median List Price $139,950 Median Sold Price $120,500
Highest List Price $599,000 Highest Sold Price $240,000
Lowest List Price $25,000 Lowest Sold Price $35,611
Avg. Days On Market 142 Avg. Days On Market 110
Private Owned 468 listings Private Owned 71 Sold
Median List Price $145,000 Median Sold Price $123,000
Bank Owned 44 listings Bank Owned 13 Sold
Median List Price $92,400 Median Sold Price $103,000

Active & Sold March 2010

506 listings: 63 Sold listings:
Median List Price $144,900 Median Sold Price $111,500
Private Owned 465 listings Private Owned 46 Sold
Median List Price $149,900 Median Sold Price $129,000
Bank Owned 41 listings Bank Owned 17 Sold
Median List Price $85,000 Median Sold Price $93,000

Active & Sold April 2009

487  listings: 59 Sold listings:
Median List Price $139,900 Median Sold Price $95,000

May 1, 2008 – April 30, 2009

1100 listings: 672 Sold listings:
Median List Price $140,000 Median Sold Price $135,000

May 1, 2009 – April 30, 2010

1326 listings: 898 Sold listings:
Median List Price $129,900 Median Sold Price $116,950

Monthly market analysis April 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in April 2010 with March 2010 & April 09; year ending April 09 with yr ending April 2010. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price.  To exclude leases in data, minimum sale price used was $5,000.

Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar
Compared to previous month +07 +22 +01 -14 +20 -15 +07 +05 -13 00 -09 +10
Compared to same month previous year (2008 – 2009) +21 -20 -22 -29 -04 -14 -14 -09 -05 +03 +05 -01
Compared Yr. Ending each month to previous Yr. Ending -13 -20 -23 -24 -23 -25 -24 -23 -23 -21 -20 -18

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