Market Analysis for Royal Oak Michigan June 2010

Market Analysis for Royal Oak Michigan June 2010

June 2010 median sale prices decreased 1% from May 2010 & # of homes sold increased 7%. Private owned median price decreased 2% in June 2010 from May 2010.  Bank owned homes median price increased 18% in June 2010 from May 2010.

June 2010 median sale price increased 9% from June 09 & # homes sold increased 8% in June 2010. Yr ending June 2010 median sale price compared to yr ending June 09 decreased 4%

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

Active & Sold June 2010

536 listings: 95 Sold listings:
Average List Price $152,099 Average Sold Price $139,015
Median List Price $144,900 Median Sold Price $133,900
Highest List Price $599,000 Highest Sold Price $350,000
Lowest List Price $19,900 Lowest Sold Price $19,000
Avg. Days On Market 140 Avg. Days On Market 93
Private Owned 478 listings Private Owned 76 Sold
Median List Price $150,000 Median Sold Price $137,500
Bank Owned 58 listings Bank Owned 19 Sold
Median List Price $84,950 Median Sold Price $75,000

Active & Sold May 2010

535 listings: 88 Sold listings:
Median List Price $145,000 Median Sold Price $135,750
Private Owned 486 listings Private Owned 76 Sold
Median List Price $150,000 Median Sold Price $140,000
Bank Owned 49 listings Bank Owned 12 Sold
Median List Price $49,900 Median Sold Price $61,506

Active & Sold June 2009

523  listings: 87 Sold listings:
Median List Price $143,000 Median Sold Price $121,500

July 1, 2008 – June 30, 2009

1112 listings: 679 Sold listings:
Median List Price $139.000 Median Sold Price $125,000

July 1, 2009 – June 30, 2010

1372 listings: 931 Sold listings:
Median List Price $129,950 Median Sold Price $120,000

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

July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Compared to previous month -14 +20 -15 +07 +05 -13 00 -09 +10 +07 +11 -01
Compared to same month previous year (2008 – 2009) -29 -04 -14 -14 -09 -05 +03 +05 -01 +21 +14 +09
Compared Yr. Ending each month to previous Yr. Ending -24 -23 -25 -24 -23 -23 -21 -20 -18 -13 -09 -04

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

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