Market Updates

 

Residential Real Estate Statistics for Selected
Cities in Oakland County Michigan

June 2010 Compared to June 2009
Information Source: July 2010 Metropolitan REALTOR®

OAKLAND COUNTY

SALES

MEDIAN SALE PRICE

BERKLEY

+30.0%

+13.0%

BEVERLY HILLS

+33.0%

+33.0%

BIRMINGHAM

+ 8.0%

-14.0%

BLOOMFIELD HILLS

-33.0%

-15.0%

BLOOMFIELD TWP.

+73.0%

+10.0%

FERNDALE

-24.0%

+32.0%

ROYAL OAK

+48.0%

+ 9.0%

SOUTHFIELD

-40.0%

+32.0%

TROY

+88.0%

-40.0%

Summary:

We are still seeing increased sales volume, predominatly increasing median sale prices and listing inventory decreases.  Interest rates remain low and homes that were previously unaffordable are still affordable.

Buyers don’t wait any longer and miss out!  If mortgage rates should increase by just 1% your monthly payment on a $100,000 house will go up by $100.  If you are waiting to see if prices come down even more, wouldn’t you rather be a day early than being too late?

If you are considering buying, you can view the homes that I have listed or search the Multiple Listing Service, yourself, 24/7 on my website.

If you already own a home and want a FREE Market Analysis or to lower your property taxes, call me for a free consultation at (248) 514-2640.

Learn how these Statistics Affect YOU!

BUYERS:

  • It’s still a great time to buy
  • Interest rates are still low
  • There are still many homes to select from
  • Most sellers are still motivated to sell

SELLERS:

  • It’s still possible to sell your home
  • Homes that are Priced Right and in Good Condition will sell faster
  • I’ll help you net the Most Money from the sale of your home
  • You need aggressive marketing to get the exposure for your home
  • Utilize my 30-Day Marketing Plan… I sell 90% of the homes I list 

ACT NOW:
It’s particularly important for you to hire the best REALTOR® to handle your Southeast Michigan real estate transaction. I’m not your typical REALTOR®…I’m unique. Besides being a REALTOR®, I’ve been a real estate lawyer since 1986.  Whether you’re buying or selling, I’m highly qualified to guide you through any real estate transaction. Fill out the form below for more information about how these statistics personally affect you. I’m always happy to answer any questions.

Are you ready to buy or sell Southeast Michigan real estate in Oakland County?  If you want to talk or need more information, call the Michigan Real Estate Expert, Lee Morof, at (248) 514-2640 or contact me now!

Lee Morof
Associate Broker/Attorney
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  (248) 514-2640