Market Analysis for Royal Oak Michigan September 2010

Market Analysis for Royal Oak Michigan September 2010

September 2010 median sale prices increased 14% from August 2010 & # of homes sold increased 25%.  Private owned median price increased 01% in September 2010 from August 2010.  Bank owned homes median price decreased 26% in September 2010 from August 2010. September 2010 median sale price increased 02% from September 09 & # homes sold decreased 08% in September 2010. Year ending September 2010 median sale price compared to year ending September 09 increased 03% and homes sold increased 18% year ending September 2010 compared to year ending September 2009.

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

Active & Sold September 2010

503 listings: 72 Sold listings:
Average List Price $143,484 Average Sold Price $113,697
Median List Price $135,000 Median Sold Price $113,750
Highest List Price $595,000 Highest Sold Price $285,000
Lowest List Price $20,000 Lowest Sold Price $ 26,100
Avg. Days On Market 135 Avg. Days On Market 98
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 August 2010

506 listings: 54 Sold listings:
Median List Price $139,900 Median Sold Price $97,499
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 September 2009

510  listings: 79 Sold listings:
Median List Price $135,000 Median Sold Price $112,000

October 1, 2008 – September 30, 2009

1154 listings: 723 Sold listings:
Median List Price $129,875 Median Sold Price $115,000

October 1, 2009 – September 30, 2010

1311 listings: 880 Sold listings:
Median List Price $129,900 Median Sold Price $119,000

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

Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Compared to previous month +07 +05 -13 00 -09 +10 +07 +11 -01 -26 -01 +14
Compared to same month previous year (2008 – 2009) -14 -09 -05 +03 +05 -01 +21 +14 +09 -06 -26 +02
Compared Yr. Ending each month to previous Yr. Ending -24 -23 -23 -21 -20 -18 -13 -09 -04 00 00 +03

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

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