Monday, November 30, 2015

Howell Weekly Update November 30 2015

I've been doing weekly updates for the Howell Michigan real estate market for the last month. Here's this last week's activity recap.

Inventory is at 309 homes and condos, down slightly from last week.  We've had 6 new listings in the last 7 days and those listings average out to $198,966 each, or $95/sq ft.  That's a lower number than I usually see.  Most resale properties in Howell average between $100-$122/sq ft.

New construction would be a bit more expensive, of course.

There are currently 21 rental properties on the market, too.  The majority fall into the $1000-$1600/mo range and you can expect at least a 6 month lease requirement, with some wanting a 12 month commitment.  Please note that this does not include apartments, which typically do their own marketing and management, and it does not include some landlords that wish to market on their own.  You may find their properties in Craigslist or some rental property websites.

If you have questions about the Howell real estate market, feel free to contact me at your convenience.  If you're a first-time buyer (or just haven't purchased a property for a while), I have a great manual that I can share with you when you meet with me or we can go through it online.

image courtesy Robert Smith

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