Real Estate

Market Statistics

For those of us (and I count myself among this group, who like to see “the numbers”.

Many of these reports are compiled from data taken from the local Multi-List Service (MLS) or captured and reported by Real Estate One itself.

The Charts below and on the Local Market Charts page are from Altos Research which provides real estate statistics, reports and charts across the U.S.

Typical Home Costs in the area - This little chart was compiled using local MLS data and comparing “typical” houses in several local areas. Obviously neither the “typical house” nor any specific house that is right on the averages actually exists, but it will give you a starting point to understand what a house with the criteria that are specified for each of the three “typical Houses” might cost in the areas surveyed.

The Q4, 2009 County Market Reports are now posted.  These charts are by $100K price bands, which allow you to analyze how long it might take to sell your house, based upon the price band that it might fall into in the market. I call that the Market Velocity in your area. These reports are prepared and released by the Real Estate One market staff on  a quarterly basis. The current reports cover through December, 2009, and give us a good idea about the market heading into 2010.

            The Oakland County Market                               The Livingston County Market

             The Macomb County Market                             The Wayne County Market

   The Washtenaw County Residential Market           The Washtenaw County Condo Market

A detailed report of sold homes for the month in the areas surrounding Milford, including Highland, Commerce, White Lake and Lyon Townships.

Milford homes lost 12% of their value in 2009. How much has your area lost in home values? To see the chart for Milford click here.

2009 in review - a look at  some of the statistics from the year

Inventory vs Days on Market for Milford and Highland Markets

Inventory vs. Days on Market for Commerce and White Lake Markets

S&P/Case-Shiller Home Price Indices for 2009

2010 Market Report from Real Estate One

Get a PDF file of this Market Report

The February, 2010 Market Report from Dan Elsea, President of Brokerage Operations for Real Estate One