Market Analysis & Statistics For Birmingham MI October 2010

Market Analysis & Statistics For Birmingham MI October 2010

October 2010 median sale prices decreased 09% from September 2010 & a 19% increase # of homes sold. Private owned homes median price decreased 05% in October 2010 from September 2010.  Bank owned homes median price decreased 63% in October 2010 from September 2010. October 2010 median sale price decreased 08% from October 2009. Yr ending October 2010 median sale price compared to yr ending October 2009 stayed the same.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds October 2010

259 listings: 27 Sold listings:
Average List Price $645,510 Average Sold Price $320,570
Median List Price $439,900 Median Sold Price $260,000
Highest List Price $6,900,000 Highest Sold Price $975,000
Lowest List Price $64,900 Lowest Sold Price $61,500
Avg. DOM 202 Avg. DOM 152
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 September 2010

273 listings: 22 Sold listings:
Median List Price $485.000 Median Sold Price $287,000
Private Owned 259 listings Private Owned 18 Sold
Median List Price $499,000 Median Sold Price $292,000
Bank Owned 14 listings Bank Owned 4 Sold
Median List Price $116,400 Median Sold Price $248,000

Active & Solds October 2009

260 listings: 28 Sold listings:
Median List Price $432,450 Median Sold Price $284,000

November 1, 2009 – October 31, 2010

635 listings: 403 Sold listings:
Median List Price $324,900 Median Sold Price $260,000

November 1, 2008– October 31, 2009

548 listings: 316 Sold listings:
Median List Price $349,900 Median Sold Price $260,000

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

Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct
Compared to previous month -07 00 +18 -38 +18 -03 -23 +21 +25 +05 -15 -09
Compared to same month previous year +15 +11 +41 -30 -07 -08 -23 +03 +08 -04 +17 -08
Compared to Yr. Ending same month previous Yr. -16 -13 -11 -13 -07 -09 -04 -01 -01 +01 +05 00

Click here to view Birmingham Michigan 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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