Just got the August 07 statistics and wanted to share them on our website.  For all of the North Oakland County jurisdiction both PENDING AND SALE numbers are up for the 3rd month in a row. That means that people did not stop buying last month even with all the terrible press! The North Oakland County jurisdiction includes Auburn Hills, Bloomfield Township, Brandon, Clarkston, Davisburg/Springfield Township, Fenton, Groveland, Holly, Independence, Keego, Lake Angelus, Lake Orion, Orchard Lake and Orion Township.

Pending sales went form 364 last year to 407 this year. Sales went from 313 last year to 372 this year.  This is a 21.7% increase.  Overall, the difference year to date is -.02.  All-in-all a very small decrease. Unfortunately, the number of listings is STILL up 11.2% over last year.  We have way too many listings on the market!!

Both the median sales price and the average sale price are up. The median sale price in this market is $167,050 while the average sale price is $195,583.  The bulk of all the sale this year have been less than $250,000.

Let's look at a couple of market snapshots..there are 2704 listings year to date in Waterford and 516 total sales.  That means that almost 2200 listings have not sold. Independence Towship, 1226 listings and 261 sales year to date leaving 1,000 listings unsold. Orion Township, 1058 listings and 237 sales. Lots of unsold listings. As a seller, your odds still aren't very good but it seems like they might be getting a little better.

Oh, and numbers for the total MLS area (most of southeast Michigan) and Oakland County overall were down. I guess we must be doing something right to see our numbers improve while the others declined.