Howell Market Update Week of Jan 18 2016

The active inventory is down, at 261 units, not surprising for this time of year.  In the last 7 days 9 properties sold at an average of $106/sq ft.  That's a bit low, but still within the typical $100-$125/sq ft this market sees. Of course, new construction, lakefront properties and luxury homes will be more.  In the last 7 days, 20 new listings hit the market, pretty good for mid-January.

Rentals in the MLS are at 10, also a bit low. Remember that there's no central site for rental properties. Apartments and many property management companies do their own marketing, and some landlords do their own on craigslist, too.

There are plenty of rental units around Howell, and the apartment competition is pretty good.  See my short video here.  To see my regular updates, home maintenance and decorating tips, and other interesting real estate news, follow and like my facebook page at http://www.facebook.com/MichiganRE.