Market Analysis & Statistics For Birmingham MI July 2010

Market Analysis & Statistics For Birmingham MI July 2010

July 2010 median sale prices increased 25% from June 2010 & a 36% decrease # of homes sold. Private owned homes median price increased 17% in July ‘10 from June 2010.  Bank owned homes median price decreased 20% in July 2010 from June 2010.  July 2010 median sale price increased 08% from July 2009. Yr ending July 2010 median sale price compared to yr ending July 2009 decreased 01%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds July 2010

299 listings: 29 Sold listings:
Average List Price $656,840 Average Sold Price $345,452
Median List Price $460,000 Median Sold Price $320,000
Highest List Price $5,900,000 Highest Sold Price $759,000
Lowest List Price $64,900 Lowest Sold Price $82,500
Avg. DOM 170 Avg. DOM 110
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 June 2010

327 listings: 45  Sold listings:
Median List Price $465.000 Median Sold Price $240,000
Private Owned 311 listings Private Owned 37 Sold
Median List Price $479,000 Median Sold Price $310,000
Bank Owned 16 listings Bank Owned 8 Sold
Median List Price $212,400 Median Sold Price $176,562

Active & Solds July 2009

302 listings: 32 Sold listings:
Median List Price $462,500 Median Sold Price $295,000

August 1, 2009 – July 31, 2010

685 listings: 415 Sold listings:
Median List Price $349,000 Median Sold Price $260,000

August 1, 2008– July 31, 2009

552 listings: 282 Sold listings:
Median List Price $387,000 Median Sold Price $263,750
Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July
Compared to previous month +16 -23 +05 -07 00 +18 -38 +18 -03 -23 +21 +25
Compared to same month previous year -12 -01 +16 +15 +11 +41 -30 -07 -08 -23 +03 +08
Compared to Yr. Ending same month previous Yr. -20 -21 -19 -16 -13 -11 -13 -07 -09 -04 -01 -01

Birmingham Market Analysis compares only median sold price of residential homes sold in July 2010 with June 2010 & July 09; year ending July 09 with yr ending July 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.

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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