I updated my weekly stats data last night with what may end up being the final numbers for 2012, that is, if no more sales actually close today. I’m not sure how many Title Companies are working on New Year’s Eve day. The stats for the last full week of the year were very mixed. Overall in the nine markets that I track – Milford, Highland, White Lake, Commerce, West Bloomfield, South Lyon, Green Oak, Brighton and Hartland – distressed sales again exceeded 50%, closing out the year at 55% for the week.
Those final week figures pushed the distressed sales stat for all of December up a bit, too; with the White Lake, Commerce and Hartland markets at or above 50% distressed sales for the month. The lowest in distressed sales for December was Green Oak at only 17% of all sales being distressed. You can see all of the markets December activity and statistics at www.movetomilford.com – just click on the “What have homes in this area sold for?” choice.
I don’t keep running totals of distressed sales for the year, so I’ll have to go back and see how that totals up for the year for the markets. The sales for the whole year are there, below the current month’s numbers. I’ll be doing some looking back at those markets over the next week or so and try to put together some trend charts from the data, which of course I’ll share here and elsewhere.
The chart of the distressed sales percentages for just the Milford market show how up and down the market has been all year, but still shows an overall downward trend –
Stay tuned for more charts and trends as I get time to do them.