Oakland County Michigan Housing Price Decline for 2007

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.