Rochester Hills Michigan Market Analysis & Statistics Homes Sold July 2010

Rochester Hills Michigan Market Analysis & Statistics Homes Sold July 2010

July 2010 median sale prices decreased 16% from June 2010 & # of homes sold decreased 25% from June 2010.  Bank owned homes median price increased 7% in July 2010 from June 2010.  Private owned homes median price decreased 4% in July 2010 from June 2010 & # homes decreased 27% in July 2010.  July 2010 median sale price increased 10% from July 2009. Year ending July 2010 median sale price compared to year ending July 09 decreased 3%.

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

Active & Solds July 2010

514 listings: 81 Sold listings:
Average List Price $276,439 Average Sold Price $215,319
Median List Price $219,900 Median Sold Price $199,000
Highest List Price $2,100,000 Highest Sold Price $610,000
Lowest List Price $29,900 Lowest Sold Price $42,000
Avg. DOM 211 Avg. DOM 100
Private Owned 455 listings Private Owned 66 Sold
Median List Price $239,900 Median Sold Price $216,500
Bank Owned 59 listings Bank Owned 15 Sold
Median List Price $122,900 Median Sold Price $119,000

Active & Solds June 2010

539 listings: 107 Sold listings:
Median List Price $224,900 Median Sold Price $210,000
Private Owned 481 listings Private Owned 91 Sold
Median List Price $239,900 Median Sold Price $225,000
Bank Owned 58 listings Bank Owned 16 Sold
Median List Price $127,700 Median Sold Price $110,975

Active & Solds July 2009

511  listings: 78 Sold listings:
Median List Price $215,000 Median Sold Price $179,250

August 1, 2008 – July 31, 2009

1068 listings: 635 Sold listings:
Median List Price $215,450 Median Sold Price $200,000

August 1, 2009 – July 31, 2010

1321 listings: 888 Sold listings:
Median List Price $207,000 Median Sold Price $194,472

Compares Rochester & Rochester Hills median price of homes sold for residential homes sold in Junly 2010 with June 2010 & July 2009; year ending July 09 with yr ending July 2010. It shows all homes sold then private owned vs. Bank Owned/HUD.  To exclude leases in data, minimum sale price used was $10,000.

Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July
Compared to previous month +13 -15 00 +05 00 +08 -09 +12 00 -05 +07 -19
Compared to same month previous year (2008 – 2009) -01 -22 -20 -03 +03 00 -13 +07 +07 +03 +17 +10
Compared to Yr. Ending same month previous Yr. -14 -16 -18 -18 -18 -16 -16 -16 -16 -13 -09 -03

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