Market Analysis Homes Sold for Royal Oak Michigan November 2010

Market Analysis Homes Sold for Royal Oak Michigan November 2010
November 2010 median sale prices decreased 04% from October 2010 & # of homes sold increased 16%. Private owned median price decreased 10% in November 2010 from October 2010. Bank owned homes median price increased 19% in November 2010 from October 2010. November 2010 median sale price decreased 08% from November 09 & # homes sold decreased 35% in November 2010. Year ending November 2010 median sale price compared to year ending November 09 increased 02% and homes sold increased 03% year ending November 2010 compared to year ending November 2009.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Sold November 2010

447 listings: 58 Sold listings:
Average List Price $141,280 Average Sold Price $127,491
Median List Price $131,991 Median Sold Price $117,250
Highest List Price $495,000 Highest Sold Price $315,000
Lowest List Price $31,900 Lowest Sold Price $ 32,500
Avg. Days On Market 142 Avg. Days On Market 104
Private Owned 391 listings Private Owned 43 Sold
Median List Price $139,900 Median Sold Price $130,000
Bank Owned 56 listings Bank Owned 15 Sold
Median List Price $79,900 Median Sold Price $80,000

Active & Sold October 2010

456 listings: 49 Sold listings:
Median List Price $134,399 Median Sold Price $122,290
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 November 2009

478  listings: 89 Sold listings:
Median List Price $134,200 Median Sold Price $127,000

December 1, 2008 – November 30, 2009

1181 listings: 792 Sold listings:
Median List Price $125,000 Median Sold Price $115,000

December 1, 2009 – November 30, 2010

1206 listings: 817 Sold listings:
Median List Price $125,000 Median Sold Price $117,000

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

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

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