Royal Oak Michigan Market Analysis August 2009
By Cathy Tishhouse, Royal Oak Real Estate
(RE/MAX Showcase Homes)
August Market Analysis for Royal Oak Michigan August 09 median sale prices increased 20% from July 09 & # of homes sold decreased 17%. Private owned median price increased 14% in August 09 from July 09. Bank owned homes median price decreased 12% in August 09 from July 09. August 09 median sale price decreased 4% from August 08 & # homes stayed the same Yr ending August 09 median sale price compared to yr ending August 08 decreased 23%; Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable. Active & Sold August 2009 564 listings: 67 Sold listings: Median List Price $150,000 Median Sold Price $131,500 Avg. Days On Market 142 Avg. Days On Market 98 Private Owned 521 listings Private Owned 49 Sold Median List Price $155,000 Median Sold Price...
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