Brighton Michigan Market Charts

This is the last in my series of market chart posts, but remember that these charts will update automatically, so come back from time to time to see how things are doing For now they give us a good look back at the Brighton market in 2009 and how we ended the year in the Brighton, MI market. The data is from the 48114 and 48116 ZIP Codes.



This first chart looks at the trend over the year in median home sales prices (Median Sale prices dropped in Q1, then rose in Q2 and early Q3, only to fall again at year end) and the inventory that is sitting on the market (inventory tracked the Median Sale Prices all year with a huge drop at the end). Some of the drop in inventory can be attributed to the big rush in September and October to buy in time to qualify for the first-time buyer tax credit, but some may just be people getting discouraged and pulling their homes off the market.



This chart shows a derived index value that the Altos Research folks call the Median Market Action Index, which measures how hot the market is in terms of sales activity level. It also shows the Average Days On Market (DOM). So, we had an up market in Q1 and Q4, with a roller coater ride in activity in Q2 and Q3 and a drop off at the end. Over the year the average time it took to sell was also like a roller coaster ride but eventually stretched out from about 240 days to over 255 days - not as wide a range as the townships in Oakland County that I track.

By the way, the Altos Research folks define any market that has a Median Market Action Index below 30 (the scale goes from 0 to 100) as a buyers market, so obviously we spent the entire year well below that break point.

See all of the charts fro the six townships that I watch, plus Brighton, on my Milford Team Web site on the Markets Statistics Page.