miOaklandCounty.com

I have been working on a market update, but then the following article landed in my mail box this morning. To strengthen their statistics I will add that my own office just had its best month in 2.5 years. Our showings are up substantially too.

The following is taken directly from MCAR Reports, a publication of the Metropolitan Consolidated Board of Realtors.

April sales statistics appearing in the June edition of Metropolitan REALTOR offer some hope for optimism in an Oakland County market that has been struggling.

There are still a fair share of rough patches, to be sure, but some notable municipalities did well in home sales, including:

• Auburn Hills (up 67 percent in sales April 2006 to April 2007)
• Birmingham (up 15 percent)
• Farmington Hills (up 36 percent)
• Independence Township (up 44 percent)
• Novi (up 16 percent)
• Oakland Township (up 42 percent)
• Oxford Township (up 29 percent)
• Rochester (up 50 percent)
• Royal Oak (up 10 percent)

Granted, Oakland County contains many municipalities and there are more than a few still struggling. The month’s most notable drops include Berkley (down nearly 60 percent in sales April 2006 to April 2007) and West Bloomfield Township (down 32 percent).

Still, the fact that so many municipalities can boast year-to-year gains is worth noting, as are the sales volumes figures for many of those same locales. Obviously, it’s far too early to say whether or not one can get cautiously optimistic about the coming summer months, but this wouldn’t be a bad start.

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