Market Analysis & Statistics For Homes Sold in Birmingham MI August 2010
August 2010 median sale prices increased 05% from July 2010 & a 09% increase # of homes sold. Private owned homes median price decreased 03% in August 2010 from July 2010. Bank owned homes median price decreased 10% in August 2010 from July 2010. August 2010 median sale price decreased 04% from August 2009. Yr ending August 2010 median sale price compared to yr ending August 2009 increased 01%.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Solds August 2010
| 300 listings: | 32 Sold listings: | ||
| Average List Price | $692,739 | Average Sold Price | $516,388 |
| Median List Price | $465,000 | Median Sold Price | $337,375 |
| Highest List Price | $6,395,000 | Highest Sold Price | $4,800,000 |
| Lowest List Price | $69,900 | Lowest Sold Price | $77,000 |
| Avg. DOM | 180 | Avg. DOM | 123 |
| 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 July 2010
| 299 listings: | 29 Sold listings: | ||
| Median List Price | $460.000 | Median Sold Price | $320,000 |
| Private Owned | 284 listings | Private Owned | 27 Sold |
| Median List Price | $484,000 | Median Sold Price | $375,000 |
| Bank Owned | 15 listings | Bank Owned | 2 Sold |
| Median List Price | $144,296 | Median Sold Price | $140,866 |
Active & Solds August 2009
| 297 listings: | 29 Sold listings: | ||
| Median List Price | $485,000 | Median Sold Price | $350,000 |
September 1, 2009 – August 31, 2010
| 687 listings: | 419 Sold listings: | ||
| Median List Price | $347,500 | Median Sold Price | $260,000 |
September 1, 2008– August 31, 2009
| 554 listings: | 286 Sold listings: | ||
| Median List Price | $389,950 | Median Sold Price | $257,500 |
Birmingham Market Analysis compares only median sold price of residential homes sold in August 2010 with July 2010 & August 09; year ending August 09 with yr ending August 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.
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