Market Analysis for Homes Sold Royal Oak Michigan June 2011

Market Analysis for Royal Oak Michigan June 2011

June 2011 median sale price decreased 03% from May 2011 & # of homes sold increased 01%.  Private owned median price increased 05% in June 2011 from May 2011.  Bank owned homes median price increased 06% in June 2011 from May 2011. June 2011 median sale price decreased 20% compared to June 2010 & # homes sold decreased 20% in June 2011. Year ending June 2011 median sale price compared to year ending June 2010 decreased 08% and homes sold decreased 16% year ending June 2011 compared to year ending June 2010.

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

Active & Sold June 2011

417 listings:   83 Sold listings:  
Average List Price $145,670 Average Sold Price $126,163
Median List Price $129,900 Median Sold Price $106,000
Highest List Price $599,000 Highest Sold Price $567,500
Lowest List Price $12,500 Lowest Sold Price $ 12,500
Avg. Days On Market 124 Avg. Days On Market 87
Private Owned 377 listings Private Owned 64 Sold
Median List Price $134,900 Median Sold Price $135,000
Bank Owned 40 listings Bank Owned 19 Sold
Median List Price $77,400 Median Sold Price $72,000

Active & Sold May 2011

413 listings:   82 Sold listings:  
Median List Price $129,900 Median Sold Price $108,750
Private Owned 372 listings Private Owned 66
Median List Price $135,500 Median Sold Price $128,750
Bank Owned 41 listings Bank Owned 16 Sold
Median List Price $74,900 Median Sold Price $66,500

Active & Sold June 2010

433  listings:   99 Sold listings:
Median List Price $131,500 Median Sold Price $ 133,000

July 1, 2009 – June 30, 2010

1271 listings:   937 Sold listings:
Median List Price $127,500 Median Sold Price $120,000

July 1, 2010 – June 30, 2011

1096 listings:   762 Sold listings:
Median List Price $124,900 Median Sold Price $110,050

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