Birmingham Real Estate Market Statistics, September 2005

by Maureen Francis on October 1, 2005

in Birmingham MI Real Estate,Market Updates


There are currently 410 single family homes on the market in Birmingham.

For the 410 homes on the market today:
Average List Price $922,724.00
The Median Price $689,450.00
The Highest Price $8,499,000.00
The Lowest Price $155,000.00
The Average Market Time 108 days

Since January 1, 2005m 242 single family homes have sold in Birmingham.

For the 242 sold homes:
Average List Price $343,219.00
The Median Price $271,500.00 *
The Highest Price $2,400,000.00
The Lowest Price $1.00 *
The Average Market Time 71
* Some sales are recorded in public records as having transacted at $1.00 in order to mask the actual sales price. This skews median price calculations down.

There are currently 29 homes under contract in Birmingham.

Information collected from Realcomp II as of October 1, 2005

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Written by Maureen Francis
SKBK Sotheby's International Realty, 248.430.4450
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