Market Analysis for Homes Sold Royal Oak Michigan May 2011

Market Analysis for Royal Oak Michigan May 2011

May 2011 median sale price decreased 10% from April 2011 & # of homes sold decreased 12%.  Private owned median price decreased 09% in May 2011 from April 2011.  Bank owned homes median price decreased 15% in May 2011 from April 2011. May 2011 median sale price decreased 20% compared to May 2010 & # homes sold decreased 07% in May 2011. Year ending May 2011 median sale price compared to year ending May 2010 decreased 02% and homes sold decreased 16% year ending May 2011 compared to year ending May 2010.

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

Active & Sold May 2011

413 listings: 82 Sold listings:
Average List Price $140,854 Average Sold Price $118,004
Median List Price $129,900 Median Sold Price $108,750
Highest List Price $669,000 Highest Sold Price $500,000
Lowest List Price $31,900 Lowest Sold Price $ 26,501
Avg. Days On Market 130 Avg. Days On Market 130
Private Owned 372 listings Private Owned 66 Sold
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 April 2011

429 listings: 93 Sold listings:
Median List Price $129,900 Median Sold Price $121,000
Private Owned 372 listings Private Owned 67
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 May 2010

421  listings: 88 Sold listings:
Median List Price $132,000 Median Sold Price $ 135,750

June 1, 2009 – May 31, 2010

1258 listings: 925 Sold listings:
Median List Price $125,000 Median Sold Price $119,900

June 1, 2010 – May 31, 2011

1111 listings: 778 Sold listings:
Median List Price $124,900 Median Sold Price $115,000

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