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Metro Area Market Summary - 2007 Full Year - 12/31/2007 |
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Number of Homes Sold |
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Available Homes for Sale |
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Area |
2006 |
2007 |
% Change |
2006 |
2007 |
% Change |
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Oakland County |
12,799 |
11,961 |
-6.5% |
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17,042 |
16,950 |
-0.5% |
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Macomb County |
8,315 |
7,848 |
-5.6% |
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26,777 |
25,721 |
-3.9% |
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Livingston County |
2,223 |
2,006 |
-9.8% |
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3,098 |
3,119 |
0.7% |
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Washtenaw County |
4,106 |
3,722 |
-9.4% |
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3,052 |
3,159 |
3.5% |
** |
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Wayne ( - Detroit) |
11,652 |
10,248 |
-12.0% |
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14,604 |
16,035 |
9.8% |
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Detroit |
5,949 |
7,473 |
25.6% |
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10,938 |
14,990 |
37.0% |
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Total |
45,044 |
43,258 |
-4.0% |
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75,511 |
79,974 |
5.9% |
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Median Sale Price |
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Ave Chance of Selling (in 120 days) |
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Area |
2006 |
2007 |
% Change |
2006 |
2007 |
% Change |
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Oakland County |
191,554 |
$177,772 |
-7.2% |
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25% |
24% |
-6.0% |
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Macomb County |
161,350 |
$138,897 |
-13.9% |
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10% |
10% |
-1.7% |
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Livingston County |
203,575 |
$185,666 |
-8.8% |
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24% |
21% |
-10.4% |
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Washtenaw County |
211,365 |
$206,368 |
-2.4% |
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45% |
39% |
-12.4% |
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Wayne ( - Detroit) |
137,600 |
$122,500 |
-11.0% |
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27% |
21% |
-19.9% |
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Detroit |
49,000 |
$ 21,000 |
-57.1% |
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18% |
17% |
-8.3% |
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Total |
$155,593 |
$133,369 |
-14.3% |
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20% |
18% |
-9.3% |
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Data Source: MiRealsource, Realcomp, Ann Arbor Board & BrokerMetrics |
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| Ave Chance reflects the % chance the average home will sell in the next 120 days under the current rate of sales |
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