Ferndale Monthly Market Analysis Homes Sold May 2010

Ferndale Monthly Market Analysis Homes Sold May 2010

May 2010 median sale prices decreased 9% from April 2010 & a 33% increase in # of homes sold. Private owned median decreased 2% in May 2010 from April 2010.  Bank owned homes median price increased 10% in May 2010 from April 2010.  May 2010 median sale price increased 26% from May 2009. Year ending May 2010 median sale price compared to yr ending May 2009 increased 15%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable

Active & Sold May 2010

269 listings: 34 Sold listings:
Average List Price $80,282 Average Sold Price $59,937
Median List Price $71,500 Median Sold Price $48,500
Highest List Price $288,000 Highest Sold Price $145,000
Lowest List Price $9.900 Lowest Sold Price $5,500
Avg. Days On Market 134 Avg. Days On Market 85
Private Owned 232 listings Private Owned 24 Sold
Median List Price $79,900 Median Sold Price $71,750
Bank Owned 37 listings Bank Owned 10 Sold
Median List Price $24,900 Median Sold Price $23,400

Active & Sold April 2010

299  listings: 51 Sold listings:
Median List Price $74,500 Median Sold Price $53,500
Private Owned 256 listings Private Owned 34 Sold
Median List Price $79,900 Median Sold Price $73,500
Bank Owned 43 listings Bank Owned 17 Sold
Median List Price $26,900 Median Sold Price $21,000

Active & Sold May 2009

281  listings: 46 Sold listings:
Median List Price $69,950 Median Sold Price $36,000

June 1, 2008 – May 31, 2009

665 listings: 430 Sold listings:
Median List Price $59,900 Median Sold Price $45,000

June 1, 2009 – May 31, 2010

710 listings: 475 Sold listings:
Median List Price $64,900 Median Sold Price $53,000

Ferndale Michigan Market Analysis for May 2010 Compares only median sold price of residential homes sold in May 2010 with April 2010 & May 2009; year ending May 2009 with yr ending May 2010. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $5,000.

June July Aug Sept Oct Nov Dec Jan. Feb Mar Apr May
Compared to previous month +18 00 -44 +11 +24 +03 -07 +29 -41 +27 -12 -09
Compared to same month previous year (2008 – 2009) -24 -24 -38 -42 +08 +19 +09 +63 +33 +44 +39 +26
Compared to Yr. Ending same month previous Yr. -57 -57 -47 -50 -48 -40 -34 -31 -25 -16 00 +15

To see more statistics from previous months for Ferndale Homes Sold, click here.

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