Click HERE for the full results.
Perhaps the most disturbing thing (if you are a Oakland County homeowner) is the median sales price decline from 2006->2007 located on the far right.
Some notable figures
Addison Township:
2006: $512,750
2007: $278,432
Diff: -45.70%
Auburn HIlls
2006: $ 177,233
2007: $ 125,167
Diff: -29.38%
Bloomfield Hills
2006: $350,250
2007: $244,600
Diff: -30.16%
Independence Township
2006: $274,759
2007: $208,698
Diff: -24.04%
Oak Park
2006: $120,308
2007: $82,233
Diff: -31.65%
What do these numbers mean?
There definitely was a housing bubble in Oakland County Michigan, and its popping fast!
Thanks Russ for the info.
Monday, February 4, 2008
Oakland County Michigan Housing Price Decline for 2007
Posted by Chris at 7:13 AM
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