Market Analysis for Royal Oak Michigan October 2010

Market Analysis for Royal Oak Michigan October 2010

October 2010 median sale prices decreased 01% from September 2010 & # of homes sold decreased 32%.  Private owned median price increased 14% in October 2010 from September 2010.  Bank owned homes median price increased 08% in October 2010 from September 2010. October 2010 median sale price decreased 06% from October 09 & # homes sold decreased 44% in October 2010. Year ending October 2010 median sale price compared to year ending October 09 increased 03% and homes sold increased 12% year ending October 2010 compared to year ending October 2009.

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

Active & Sold October 2010

456 listings: 49 Sold listings:
Average List Price $143,396 Average Sold Price $122,290
Median List Price $134,399 Median Sold Price $112,500
Highest List Price $595,000 Highest Sold Price $317,235
Lowest List Price $31,900 Lowest Sold Price $ 31,000
Avg. Days On Market 134 Avg. Days On Market 79
Private Owned 401 listings Private Owned 30 Sold
Median List Price $139,900 Median Sold Price $143,750
Bank Owned 55 listings Bank Owned 19 Sold
Median List Price $83,900 Median Sold Price $65,000

Active & Sold September 2010

503 listings: 72 Sold listings:
Median List Price $135,000 Median Sold Price $113,750
Private Owned 447 listings Private Owned 56 Sold
Median List Price $139,900 Median Sold Price $123,750
Bank Owned 56 listings Bank Owned 16 Sold
Median List Price $75,300 Median Sold Price $59,900

Active & Sold October 2009

494  listings: 87 Sold listings:
Median List Price $133,450 Median Sold Price $120,000

November 1, 2008 – October 31, 2009

1148 listings: 741 Sold listings:
Median List Price $125,000 Median Sold Price $114,900

November 1, 2009 – October 31, 2010

1252 listings: 845 Sold listings:
Median List Price $129,000 Median Sold Price $119,000

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

Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct
Compared to previous month +05 -13 00 -09 +10 +07 +11 -01 -26 -01 +14 -01
Compared to same month previous year (2008 – 2009) -09 -05 +03 +05 -01 +21 +14 +09 -06 -26 +02 -06
Compared Yr. Ending each month to previous Yr. Ending -23 -23 -21 -20 -18 -13 -09 -04 00 00 +03 +03

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

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