Market Analysis & Statistics For Birmingham MI August 2010

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.

Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug
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

Click here to view previous months market statistics.

or visit our new website about Birmingham Michigan Homes to learn more about Birmingham & search for homes.

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