Market Analysis Homes Sold Royal Oak Michigan March 2011

Market Analysis for Royal Oak Michigan March 2011

March 2011 median sale price increased 3% from February 2011 & # of homes sold increased 30%.  Private owned median price increased 07% in March 2011 from February 2011.  Bank owned homes median price decreased 09% in March 2011 from February 2011. March 2011 median sale price stayed the same compared to March 2010 & # homes sold decreased 10% in March 2011. Year ending March 2011 median sale price compared to year ending March 2010 increased 02% and homes sold decreased 12% year ending March 2011 compared to year ending March 2010.

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

Active & Sold March 2011

418 listings:   60 Sold listings:  
Average List Price $141,772 Average Sold Price $119,670
Median List Price $129,900 Median Sold Price $111,500
Highest List Price $669,000 Highest Sold Price $308,000
Lowest List Price $12,500 Lowest Sold Price $ 27,000
Avg. Days On Market 131 Avg. Days On Market 92
Private Owned 363 listings Private Owned 42 Sold
Median List Price $138,900 Median Sold Price $140,000
Bank Owned 55 listings Bank Owned 18 Sold
Median List Price $72,500 Median Sold Price $61,250

Active & Sold February 2011

416 listings:   42 Sold listings:  
Median List Price $129,700 Median Sold Price $108,000
Private Owned 357 listings Private Owned 29
Median List Price $139,000 Median Sold Price $130,000
Bank Owned 59 listings Bank Owned 13 Sold
Median List Price $76,000 Median Sold Price $67,000

Active & Sold March 2010

425  listings:   67 Sold listings:
Median List Price $129,900 Median Sold Price $ 111,500

April 1, 2009 – March 31, 2010

1233 listings:   875 Sold listings:
Median List Price $124,900 Median Sold Price $115,000

April 1, 2010 – March 31, 2011

1132 listings:   774 Sold listings:
Median List Price $125,000 Median Sold Price $117,000

Monthly market analysis March 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in March 2011 with February 2011 & March 2010; year ending March 2010 with yr ending March 2011. 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.

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View all Market Analysis for Royal Oak, Michigan

Royal Oak Realtor selling Oakland County Real Estate.  TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan.  Helping People in a challenging market by specializing in Short Sales.  See what my clients have to say about my extraordinary customer service.  Follow me on Twitter.

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