Market Analysis & Statistics Homes Sold Birmingham MI July 2011

Market Analysis & Statistics For Birmingham MI July 2011

July 2011 median sale prices increased 13% from June 2011 & # of homes sold increased 23% from June 2011. Private owned homes median price increased 03% in July 2011 from June 2011.  Bank owned homes median price decreased 40% in July 2011 from June 2011.  July 2011 median sale price increased 08% from July 2010. Yr ending July 2011 median sale price compared to yr ending July 2010 increased 05%.  Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.  

Active & Solds July 2011

249 listings:

48 Sold listings:

Average List Price $621,116 Average Sold Price $472,969
Median List Price $449,900 Median Sold Price $338,583
Highest List Price $3,400,000 Highest Sold Price $2,199,000
Lowest List Price $14,975 Lowest Sold Price $ 85,000

Avg. DOM

171

Avg. DOM

155

Private Owned

241 listings

Private Owned

45 Sold
Median List Price $450,000 Median Sold Price $340,000

Bank Owned

8 listings

Bank Owned

3 Sold
Median List Price $141,200 Median Sold Price $138,000

Active & Solds June 2011

247 listings:

37 Sold listings:

Median List Price $449,900 Median Sold Price $296,000

Private Owned

238 listings

Private Owned

32 Sold
Median List Price $459,000 Median Sold Price $331,500

Bank Owned

9 listings

Bank Owned

5 Sold
Median List Price $209,900 Median Sold Price $230,000

Active & Solds July 2010

231 listings:

30 Sold listings:

 

Median List Price $449,900 Median Sold Price $311,000

August 1, 2010 – July 31, 2011

597 listings:

396 Sold listings:

 

Median List Price $349,900 Median Sold Price $275,000

August 1, 2009– July 31, 2010

618 listings:

417 Sold listings:

 

Median List Price $343,000 Median Sold Price $260,000

Birmingham Market Analysis compares only median sold price of residential homes sold in July 2011 with June 2011 & July 2010; year ending July 2010 with yr ending July 2011.  It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $10,000.

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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