Market Analysis & Statistics For Birmingham MI August 2010
August 2010 median sale prices increased 05% from July 2010 & a 09% increase # of homes sold. Private owned homes median price decreased 03% in August 2010 from July 2010. Bank owned homes median price decreased 10% in August 2010 from July 2010. August 2010 median sale price decreased 04% from August 2009. Yr ending August 2010 median sale price compared to yr ending August 2009 increased 01%.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds August 2010
|300 listings:||32 Sold listings:|
|Average List Price||$692,739||Average Sold Price||$516,388|
|Median List Price||$465,000||Median Sold Price||$337,375|
|Highest List Price||$6,395,000||Highest Sold Price||$4,800,000|
|Lowest List Price||$69,900||Lowest Sold Price||$77,000|
|Avg. DOM||180||Avg. DOM||123|
|Private Owned||285 listings||Private Owned||27 Sold|
|Median List Price||$499,000||Median Sold Price||$365,050|
|Bank Owned||15 listings||Bank Owned||5 Sold|
|Median List Price||$122,900||Median Sold Price||$126,500|
Active & Solds July 2010
|299 listings:||29 Sold listings:|
|Median List Price||$460.000||Median Sold Price||$320,000|
|Private Owned||284 listings||Private Owned||27 Sold|
|Median List Price||$484,000||Median Sold Price||$375,000|
|Bank Owned||15 listings||Bank Owned||2 Sold|
|Median List Price||$144,296||Median Sold Price||$140,866|
Active & Solds August 2009
|297 listings:||29 Sold listings:|
|Median List Price||$485,000||Median Sold Price||$350,000|
September 1, 2009 – August 31, 2010
|687 listings:||419 Sold listings:|
|Median List Price||$347,500||Median Sold Price||$260,000|
September 1, 2008– August 31, 2009
|554 listings:||286 Sold listings:|
|Median List Price||$389,950||Median Sold Price||$257,500|
Birmingham Market Analysis compares only median sold price of residential homes sold in August 2010 with July 2010 & August 09; year ending August 09 with yr ending August 2010. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $15,000.
|Compared to previous month||-23||+05||-07||00||+18||-38||+18||-03||-23||+21||+25||+05|
|Compared to same month previous year||-01||+16||+15||+11||+41||-30||-07||-08||-23||+03||+08||-04|
|Compared to Yr. Ending same month previous Yr.||-21||-19||-16||-13||-11||-13||-07||-09||-04||-01||-01||+01|
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