Market Charts for White Lake Michigan

As we go into the new year these charts will update automatically; however, for now they give us a good look back at the White Lake market in 2009 and how we ended the year in the White Lake, MI market. The data is from the 48283 and 48386 ZIP Codes.




This first chart looks at the trend over the year in median home sales prices (Median Sale prices were relative flat right close to $200K all year with a slight "bump" in Q3/Q4 when the first-time buyer rush was on) and the inventory that is sitting on the market (inventory stayed fairly high almost all of the way through Q3 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.




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 a roller coaster ride through much of Q1/Q2 and Q3, followed by a falloff in activity in late Q4. Over the year the average time it took to sell also stretched out from about 220 days to over 280 days.

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.