Market Conditions for Bloomfield Township

January 2018

Homes For Sale

1

DOWN DOWN -50.00% vs. Month Ago

Homes for Sale

1

The inventory of homes for sale fell by 1 in January to 1. This represents 50% decrease from December when 2 homes were on the market.Compared to the same month last year when there were 0 homes for sale, the inventory of homes for sale has fallen by risen by 1 representing a % year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

New Homes

2

The number of homes listed in January (2) rose by 1 compared to December, a 100% change. Compared to January 2017, the number of new listings increased by 2, a % year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price

$614,900

The median list price in January was $614,900. The median list price for homes in January rose by $187,900 compared to last month. This represents a 44% increase from December. Compared to the same month last year, the median list price of homes increased $614,899 representing a 61,489,900% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.