Market Analysis Homes Sold Royal Oak Michigan May 2010

Market Analysis Homes Sold Royal Oak Michigan May 2010

May 2010 median sale prices increased 11% from April 2010 & # of homes sold increased 5%. Private owned median price increased 12% in May 2010 from Apr. 2010.  Bank owned homes median price decreased 40% in May 2010 from Apr. 2010.

May 2010 median sale price increased 14% from May 09 & # homes sold increased 25% in May 2010. Yr ending May 2010 median sale price compared to yr ending May 09 decreased 9%.

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

Active & Sold May 2010

535 listings: 88 Sold listings:
Average List Price $156,292 Average Sold Price $141,493
Median List Price $145,000 Median Sold Price $135,750
Highest List Price $599,000 Highest Sold Price $470,000
Lowest List Price $29,900 Lowest Sold Price $44,900
Avg. Days On Market 137 Avg. Days On Market 95
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 April 2010

512 listings: 84 Sold listings:
Median List Price $139,950 Median Sold Price $120,500
Private Owned 468 listings Private Owned 71 Sold
Median List Price $145,000 Median Sold Price $123,000
Bank Owned 44 listings Bank Owned 13 Sold
Median List Price $92,400 Median Sold Price $103,000

Active & Sold May 2009

513  listings: 66 Sold listings:
Median List Price $139,900 Median Sold Price $116,450

June 1, 2008 – May 31, 2009

1115 listings: 668 Sold listings:
Median List Price $139.900 Median Sold Price $131,250

June 1, 2009 – May 31 2010

1369 listings: 922 Sold listings:
Median List Price $129,900 Median Sold Price $119,950

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

June July Aug Sept Oct Nov Dec Jan Feb Mar Apr MY
Compared to previous month +01 -14 +20 -15 +07 +05 -13 00 -09 +10 +07 +11
Compared to same month previous year (2008 – 2009) -22 -29 -04 -14 -14 -09 -05 +03 +05 -01 +21 +14
Compared Yr. Ending each month to previous Yr. Ending -23 -24 -23 -25 -24 -23 -23 -21 -20 -18 -13 -09

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

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