Metro home sales up significantly for 2nd straight month
Non-foreclosure sales see biggest gains
(09/12/2011)
Residential & condo sales summary:
*Lapeer County = 87 closings, down 6.5%
*Oakland County = 1,844 closings, up 29.1%
Residential & condo median sale price:
*Oakland County = $123,000 up 8.8%
*Lapeer County = $80,000 no change
Analysis:
*All MLS sales were up by 20.2%
*83% of home sales were in the $0 – $200K price range, 9.8% in the $201 – $300K price range
*41.6% of all sales were cash sales
*Pending sales were up by 11.9%
*Average days on market decreased by 8 days to 91
*6,350 closed sales were identified as short sales
*On market inventory declined by 18.9%
*12.4% of the inventory identified as foreclosures
*22.6% of the inventory identified as short sales
Lapeer MI: (ytd)
*68 new listings
*198 active listings
*210 sold listings
*$2,692,529 sales volume
*$72,500 median sale price
Oxford MI: (ytd)
*48 new listings
*143 active listings
*190 sold listings
*$7,750,800 sales volume
*$174,500 median sale price
references: realcomp, donsrealty