Market Analysis & Statistics For Birmingham MI June 2010

Market Analysis & Statistics Homes Sold in Birmingham MI June 2010

June 2010 median sale prices increased 21% from May 2010 & a 13% increase # of homes sold. Private owned homes median price increased 39% in June ‘10 from May 2010.  Bank owned homes median price decreased 06% in June 2010 from May 2010.  June 2010 median sale price increased 03% from June 2009. Yr ending June 2010 median sale price compared to yr ending June 2009 decreased 01%.

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

Active & Solds June 2010

327 listings: 45 Sold listings:
Average List Price $668,809 Average Sold Price $444,262
Median List Price $465,000 Median Sold Price $240,000
Highest List Price $5,900,000 Highest Sold Price $2,450,000
Lowest List Price $57,900 Lowest Sold Price $60,000
Avg. DOM 166 Avg. DOM 126
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 May 2010

321 listings: 39  Sold listings:
Median List Price $449,900 Median Sold Price $190,000
Private Owned 301 listings Private Owned 27 Sold
Median List Price $474,900 Median Sold Price $190,000
Bank Owned 20 listings Bank Owned 12 Sold
Median List Price $199,950 Median Sold Price $188,150

Active & Solds June 2009

319 listings: 37 Sold listings:
Median List Price $459,000 Median Sold Price $300,000

July 1, 2009 – June 30, 2010

699 listings: 417 Sold listings:
Median List Price $349,500 Median Sold Price $260,000

July 1, 2008– June 30, 2009

558 listings: 276 Sold listings:
Median List Price $395,000 Median Sold Price $263,750

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

July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Compared to previous month -02 +16 -23 +05 -07 00 +18 -38 +18 -03 -23 +21
Compared to same month previous year -02 -12 -01 +16 +15 +11 +41 -30 -07 -08 -23 +03
Compared to Yr. Ending same month previous Yr. -19 -20 -21 -19 -16 -13 -11 -13 -07 -09 -04 -01

Click here to view previous months market statistics.

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

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