Market Analysis & Statistics For Birmingham MI November 2010

Market Analysis & Statistics For Birmingham MI November 2010

November 2010 median sale prices decreased 09% from October 2010 & a 04% increase # of homes sold. Private owned homes median price increased 29% in November 2010 from October 2010.  Bank owned homes median price increased 38% in November 2010 from October 2010. November 2010 median sale price decreased 12% from November 2009. Yr ending November 2010 median sale price compared to yr ending November 2009 decreased 02%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds November 2010

240 listings: 28 Sold listings:
Average List Price $650,086 Average Sold Price $366,279
Median List Price $439,445 Median Sold Price $237,250
Highest List Price $6,900,000 Highest Sold Price $1,200,000
Lowest List Price $61,900 Lowest Sold Price $70,000
Avg. DOM 202 Avg. DOM 94
Private Owned 223 listings Private Owned 22 Sold
Median List Price $479,900 Median Sold Price $392,500
Bank Owned 17 listings Bank Owned 6 Sold
Median List Price $164,900 Median Sold Price $149,950

Active & Solds October 2010

259 listings: 27 Sold listings:
Median List Price $439,900 Median Sold Price $260,000
Private Owned 244 listings Private Owned 22 Sold
Median List Price $482,000 Median Sold Price $278,250
Bank Owned 15 listings Bank Owned 5 Sold
Median List Price $114,900 Median Sold Price $93,000

Active & Solds November 2009

252 listings: 40 Sold listings:
Median List Price $424,500 Median Sold Price $270,000

December 1, 2009 – November 30, 2010

604 listings: 392 Sold listings:
Median List Price $323,950 Median Sold Price $260,000

December 1, 2008– November 30, 2009

547 listings: 335 Sold listings:
Median List Price $349,900 Median Sold Price $265,000

Birmingham Market Analysis compares only median sold price of residential homes sold in November 2010 with October 2010 & November 09; year ending November 09 with yr ending November 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 Birmingham Michigan previous months market statistics.

Click here to view Bloomfield Hills & West Bloomfield, Michigan for more market statistics.

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

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