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Birmingham Michigan Real Estate Market Statistics October, 2005

There are currently 391 single family homes on the market in Birmingham
For the 391 listings:
Avg List Price $912,299.00
The Median Price $679,000.00
The Highest Price $8,499,000.00
The Lowest Price $155,000.00
The Average Market Time 119

27 single family homes are pending sale
For the 27 listings:
Avg List Price $511,871.00
The Median Price $475,000.00
The Highest Price $1,295,000.00
The Lowest Price $249,900.00
The Average Market Time 113

Since January 1, 2005, 350 single family homes have sold in Birmingham.
For the 350 listings:
Avg List Price $261,073.00
The Median Price $209,500.00
The Highest Price $2,400,000.00
The Lowest Price $1.00

Statistics for sold homes are artificially low because many transactions are not recorded at their actual selling price, but at $1.00. The average home sale in Birmingham is in excess of $450,000.

About Maureen Francis

SKBK Sotheby's International Realty, 248.430.4450

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