Lake Orion and surrounding areas, monthly real estate numbers.
Analysis:
1) All MLS (multiple listing service) sales were up by 1.2%,
2) The median sale price for all MLS sales increased to $110,000 – up by 35.8%
3) Average days on market for the entire MLS decreased by 15 days
4) Of the 6,399 sales closed, 7.9% were short sales and 42.0% were cash sales
5) Listings received were up slightly, 2%. However, strong sales resulted in total on market inventory declining by 19.5%
6) Approximately 12.3% of the on market inventory are short sales and 11.3% are foreclosures
Lake Orion:
48359) New listings up 21.4% from last year, median sale price is up 69.0%
48360) New listings up 57.1%, median sale price is up 18.0%
48362) New listings up 41.9%, median sale price is down 11.0%
Oxford:
48370) New listings up 60.0% from last year, median sale price is down 54.0%
48371) New listings up 44.6%, median sale price is up 24.0%
Lapeer:
48446) New listings up 32.7% from last year, median sale price is up 23.0%
Metamora:
48455) New listings up 13.0% from last year, median sale price is up 52.0%
Mortgage Update:
As of 07/01/2013, bankrate.com shows 30 year fixed rate mortgages at 3.6% and 15 year fixed rate at 2.7%
For more information on listing your home, buying a home or obtaining a home mortgage, contact us direct at 248-969-8065 or DonaldHorne.Realtor@gmail.com TODAY!
Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
DHsellsHomes.sold