Market Analysis & Statistics For Birmingham MI September 2010

Market Analysis & Statistics For Birmingham MI September 2010

September 2010 median sale prices decreased 15% from August 2010 & a 31% decrease # of homes sold. Private owned homes median price decreased 20% in September 2010 from August 2010.  Bank owned homes median price increased 49% in September 2010 from August 2010. September 2010 median sale price increased 17% from September 2009. Yr ending September 2010 median sale price compared to yr ending September 2009 increased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.

Active & Solds September 2010

273 listings: 22 Sold listings:
Average List Price $685,730 Average Sold Price $360,312
Median List Price $485,000 Median Sold Price $287,000
Highest List Price $5,900,000 Highest Sold Price $1,213,000
Lowest List Price $61,900 Lowest Sold Price $75,000
Avg. DOM 189 Avg. DOM 114
Private Owned 259 listings Private Owned 18 Sold
Median List Price $499,000 Median Sold Price $292,500
Bank Owned 14 listings Bank Owned 4 Sold
Median List Price $116,400 Median Sold Price $248,000

Active & Solds August 2010

300 listings: 32 Sold listings:
Median List Price $465.000 Median Sold Price $337,375
Private Owned 285 listings Private Owned 27 Sold
Median List Price $499,000 Median Sold Price $365,050
Bank Owned 15 listings Bank Owned 5 Sold
Median List Price $122,900 Median Sold Price $126,500

Active & Solds September 2009

289 listings: 38 Sold listings:
Median List Price $450,000 Median Sold Price $237,923

October 1, 2009 – September 30, 2010

654 listings: 403 Sold listings:
Median List Price $349,000 Median Sold Price $267,100

October 1, 2008– September 30, 2009

560 listings: 309 Sold listings:
Median List Price $376,950 Median Sold Price $254,000

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

Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept
Compared to previous month +05 -07 00 +18 -38 +18 -03 -23 +21 +25 +05 -15
Compared to same month previous year +16 +15 +11 +41 -30 -07 -08 -23 +03 +08 -04 +17
Compared to Yr. Ending same month previous Yr. -19 -16 -13 -11 -13 -07 -09 -04 -01 -01 +01 +05

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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