February sales for residential properties in Oakland County increased 25 percent over the same month last year; in Macomb County, the increase was 6 percent.
Listings decreased in both counties (by 15 percent in Oakland and 6 percent in Macomb), but while Oakland posted a sales volume increase of 45 percent, Macomb’s sales volume dipped 4 percent.
The following Oakland County municipalities* experienced the largest year-to-year (February 2009 to February 2010) increases in sales:
- Royal Oak, up 119 percent; sales volume increased 135 percent to $8 million, from $3.4 million
- Bloomfield Twp., up 95 percent; sales volume increased 128 percent to $11.4 million, from $5 million
- Independence Twp., up 94 percent; sales volume increased 154 percent to $6.3 million, from $2.5 million
Oakland municipalities that experienced a sales decrease included Hazel Park (down 18 percent), Pontiac (down 17 percent) and Southfield (down 13 percent).
Information on all municipalities can be obtained here.
Republished from Metropolitan Consolidated Association of Realtors