Market Analysis for Homes Sold Royal Oak Michigan April 2011

Market Analysis for Royal Oak Michigan April 2011

April 2011 median sale price increased 8% from March 2011 & # of homes sold increased 35%.  Private owned median price increased 01% in April 2011 from March 2011.  Bank owned homes median price increased 22% in April 2011 from March 2011. April 2011 median sale price increased 1%  compared to April 2010 & # homes sold increased 06% in April 2011. Year ending April 2011 median sale price compared to year ending April 2010 has leveled out this month with a less than 01% decrease and # of homes sold decreased 13% year ending April 2011 compared to year ending April 2010.

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

Active & Sold April 2011

429 listings:   93 Sold listings:  
Average List Price $143,848 Average Sold Price $129,754
Median List Price $129,900 Median Sold Price $121,000
Highest List Price $669,000 Highest Sold Price $505,000
Lowest List Price $24,000 Lowest Sold Price $ 24,000
Avg. Days On Market 122 Avg. Days On Market 103
Private Owned 372 listings Private Owned 67 Sold
Median List Price $139,388 Median Sold Price $142,000
Bank Owned 57 listings Bank Owned 26 Sold
Median List Price $82,250 Median Sold Price $78,375

Active & Sold March 2011

418 listings:   60 Sold listings:  
Median List Price $129,900 Median Sold Price $111,500
Private Owned 363 listings Private Owned 42
Median List Price $138,900 Median Sold Price $140,000
Bank Owned 55 listings Bank Owned 18 Sold
Median List Price $72,500 Median Sold Price $61,250

Active & Sold April 2010

418  listings:   87 Sold listings:
Median List Price $129,900 Median Sold Price $ 120,000

May 1, 2009 – April 30, 2010

1234 listings:   903 Sold listings:
Median List Price $125,000 Median Sold Price $117,000

May 1, 2010 – April 30, 2011

1115 listings:   784 Sold listings:
Median List Price $125,000 Median Sold Price $116,562

Monthly market analysis April 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in April 2011 with March 2011 & April 2010; year ending April 2010 with yr ending April 2011. 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.

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View all Market Analysis for Royal Oak, Michigan

Royal Oak Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

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