Market Analysis for Royal Oak Michigan August 2010

Market Analysis for Royal Oak Michigan August 2010

August 2010 median sale prices decreased 01% from July 2010 & # of homes sold remained relatively the same.  Private owned median price increased 03% in August 2010 from July 2010.  Bank owned homes median price increased13% in August 2010 from July 2010.  August 2010 median sale price decreased 26% from August 09 & # homes sold decreased 05% in August 2010. Year ending August 2010 median sale price compared to year ending August 09 stayed relatively the same and homes sold increased 20% year ending August 2010 compared to year ending August 2009.

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

Active & Sold August 2010

506 listings: 54 Sold listings:
Average List Price $149,628 Average Sold Price $113,296
Median List Price $139,900 Median Sold Price $ 97,499
Highest List Price $599,000 Highest Sold Price $245,000
Lowest List Price $35,000 Lowest Sold Price $25,000
Avg. Days On Market 139 Avg. Days On Market 101
Private Owned 451 listings Private Owned 37 Sold
Median List Price $149,900 Median Sold Price $122,000
Bank Owned 55 listings Bank Owned 17 Sold
Median List Price $79,900 Median Sold Price $81,000

Active & Sold July 2010

504 listings: 53 Sold listings:
Median List Price $144,950 Median Sold Price $98,777
Private Owned 454 listings Private Owned 39 Sold
Median List Price $149,900 Median Sold Price $118,800
Bank Owned 50 listings Bank Owned 14 Sold
Median List Price $79,900 Median Sold Price $70,800

Active & Sold August 2009

520  listings: 68 Sold listings:
Median List Price $144,200 Median Sold Price $131,750

September 1, 2008 – August 31, 2009

1163 listings: 710 Sold listings:
Median List Price $132,000 Median Sold Price $118,500

September 1, 2009 – August 31, 2010

1340 listings: 887 Sold listings:
Median List Price $129,900 Median Sold Price $119,500

Monthly market analysis August 2010 for Royal Oak Michigan compares only median sold price of residential homes sold in August 2010 with July 2010 & August 09; year ending August 2009 with yr ending August 2010. 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.

Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug
Compared to previous month -15 +07 +05 -13 00 -09 +10 +07 +11 -01 -26 -01
Compared to same month previous year (2008 – 2009) -14 -14 -09 -05 +03 +05 -01 +21 +14 +09 -06 -26
Compared Yr. Ending each month to previous Yr. Ending -25 -24 -23 -23 -21 -20 -18 -13 -09 -04 00 00

To view previous months market analysis for Royal Oak Michigan, click here

Comments are closed.

Visit Our Blog
Questions?

Your Name (required)

Your Email (required)

Phone

Questions/Comments

captcha

Enter the code above in the box below then press "send"