Market Analysis for Royal Oak Michigan January 2011
January 2011 median sale prices decreased 09% from December 2010 & # of homes sold increased 04%. Private owned median price increased 04% in January 2011 from December 2010. Bank owned homes median price decreased 38% in January 2011 from December 2010. January 2011 median sale price decreased 06% from January 2010 & # homes sold increased 08% in January 2011. Year ending January 2011 median sale price compared to year ending January 2010 increased 02% and homes sold decreased 04% year ending January 2011 compared to year ending January 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold January 2011
|426 listings:||50 Sold listings:|
|Average List Price||$139,055||Average Sold Price||$121,056|
|Median List Price||$127,188||Median Sold Price||$103,550|
|Highest List Price||$599,000||Highest Sold Price||$319,900|
|Lowest List Price||$32,000||Lowest Sold Price||$ 31,500|
|Avg. Days On Market||141||Avg. Days On Market||85|
|Private Owned||363 listings||Private Owned||32 Sold|
|Median List Price||$136,900||Median Sold Price||$135,250|
|Bank Owned||62 listings||Bank Owned||17 Sold|
|Median List Price||$82,225||Median Sold Price||$42,000|
Active & Sold December 2010
|414 listings:||48 Sold listings:|
|Median List Price||$129,509||Median Sold Price||$113,407|
|Private Owned||358 listings||Private Owned||35 Sold|
|Median List Price||$136,000||Median Sold Price||$130,000|
|Bank Owned||56 listings||Bank Owned||13 Sold|
|Median List Price||$89,900||Median Sold Price||$68,000|
Active & Sold January 2010
|422 listings:||46 Sold listings:|
|Median List Price||$128,993||Median Sold Price||$110,000|
February 1, 2009 – January 31, 2010
|1208 listings:||833 Sold listings:|
|Median List Price||$124,700||Median Sold Price||$115,000|
February 1, 2010 – January 31, 2011
|1175 listings:||800 Sold listings:|
|Median List Price||$124,900||Median Sold Price||$117,000|
Monthly market analysis January 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 2011. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
If you are looking to Purchase a Home, click here.
If you are looking to Sell a Home, click here.
Royal Oak Realtor selling Oakland County Real Estate. TishHouse sells Houses – selling Real Estate Southeastern Michigan with RE/MAX Showcase Homes in Birmingham, Michigan. Helping People in a challenging market by specializing in Short Sales. See what my clients have to say about my extraordinary customer service. Follow me onTwitter.