Market Analysis & Statistics For Birmingham MI May 2010

Market Analysis & Statistics Homes Sold in Birmingham MI May 2010

May 2010 median sale prices decreased 23% from April‘10 & a 7% decrease # of homes sold. Private owned homes median price decreased 22% in May ‘10 from April ‘10.  Bank owned homes median price decreased 25% in May‘10 from April ‘10.  May 2010 median sale price decreased 23% from May 09. Yr ending May 2010 median sale price compared to yr ending May 2009 decreased 04%.

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

Active & Solds May 2010

321 listings: 39 Sold listings:
Average List Price $644,453 Average Sold Price $251,796
Median List Price $449,900 Median Sold Price $190,000
Highest List Price $5,900,000 Highest Sold Price $636,250
Lowest List Price $85,900 Lowest Sold Price $84,000
Avg. DOM 159 Avg. DOM 62
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 April 2010

302 listings: 42  Sold listings:
Median List Price $469,000 Median Sold Price $247,450
Private Owned 284 listings Private Owned 31 Sold
Median List Price $499,000 Median Sold Price $245,000
Bank Owned 18 listings Bank Owned 11 Sold
Median List Price $226,200 Median Sold Price $251,535

Active & Solds May 2009

306 listings: 24 Sold listings:
Median List Price $465,000 Median Sold Price $245,325

June 1, 2009 – May 31, 2010

691 listings: 409 Sold listings:
Median List Price $349,900 Median Sold Price $260,000

June 1, 2008– May 31, 2009

546 listings: 264 Sold listings:
Median List Price $399,450 Median Sold Price $270,000

Birmingham Market Analysis 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 exclude leases in data, minimum sale price used was $15,000.

June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May
Compared to previous month +18 -02 +16 -23 +05 -07 00 +18 -38 +18 -03 -23
Compared to same month previous year -29 -02 -12 -01 +16 +15 +11 +41 -30 -07 -08 -23
Compared to Yr. Ending same month previous Yr. -23 -19 -20 -21 -19 -16 -13 -11 -13 -07 -09 -04

Click here to view previous months market statistics.

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

Comments are closed.

Visit Our Blog
Questions?

Your Name (required)

Your Email (required)

Phone

Questions/Comments

captcha

Enter the code above in the box below then press "send"