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.