Birmingham Market Analysis & Statistics Homes Sold April 2010

Market Analysis & Statistics For Birmingham MI April 2010

April 2010 median sale prices increased 3% from March ‘10 & a 17% increase # of homes sold. Private owned homes median price decreased 27% in April ‘10 from March ‘10.  Bank owned homes median price increased 38% in April ‘10 from March ‘10. April 2010 median sale price decreased 8% from April 09. Year ending Apr. 2010 median sale price compared to yr ending Apr. 2009 decreased 09%.

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

Active & Solds April 2010

302 listings: 42 Sold listings:
Average List Price $692,329 Average Sold Price $313,304
Median List Price $469,000 Median Sold Price $247,450
Highest List Price $6,395,000 Highest Sold Price $1,325,000
Lowest List Price $80,000 Lowest Sold Price $89,900
Avg. DOM 165 Avg. DOM 100
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 $266,200 Median Sold Price $251,535

Active & Solds March 2010

310 listings: 35  Sold listings:
Median List Price $447,000 Median Sold Price $240,000
Private Owned 285 listings Private Owned 24 Sold
Median List Price $490,000 Median Sold Price $334,000
Bank Owned 25 listings Bank Owned 11 Sold
Median List Price $205,000 Median Sold Price $156,900

Active & Solds April 2009

292 listings: 32 Sold listings:
Median List Price $492,500 Median Sold Price $269,500

May 1, 2009 – April 30, 2010

685 listings: 425 Sold listings:
Median List Price $349,900 Median Sold Price $262,500

May 1, 2008– April 30, 2009

543 listings: 283 Sold listings:
Median List Price $399,900 Median Sold Price $290,000

2009 – 2010 Yearly Review of Increases & Decreases for Birmingham Michigan Homes Sold

Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar
Compared to previous month -07 -01 +18 -02 +16 -23 +05 -07 00 +18 -38 +03
Compared to same month previous year -11 -31 -29 -02 -12 -01 +16 +15 +11 +41 -30 -08
Compared to Yr. Ending same month previous Yr. -17 -22 -23 -19 -20 -21 -19 -16 -13 -11 -13 -09

Birmingham Market Analysis compares only median sold price of residential homes sold in Apirl 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 exclude leases in data, minimum sale price used was $15,000.  It also shows a year in review of the market decrease and increase for 2009 through 2010.

To view previous market statistics for Birmingham Michigan click here.

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