Our active inventory is 203
units. We are still waiting for the Spring flood of listings to happen,
but that can be a mistake if you're a seller. There is less competition
and a lot of pent up buyer demand out there right now. Homes are selling
quickly.
In the last week there were 28 new listings, but that's not
enough. With solds, expired, and pending sales, we're at a deficit.
10 homes sold in the last 7 days with an average sales price of
$289,289 and the price per square foot was $131. These 10 homes sold in
an average of 55 days. Existing resale homes in the $250,000 and lower
price points are going quite fast.
You can
watch my weekly
video report here, get a copy of
the weekly breakdown AND new listings here. If you're interested in this
market area, please consider following and liking my facebook page at http://www.facebook.com/MichiganRE, where
I post local reports, news, and general real estate items of interest.
Buyers – work
with a LOCAL, full-time agent to have your best chance of success.
Sellers – agents
can look at stats all day long, but it helps to know the market history and
local influences on the market that are not contained in the multilist system
(MLS). Your best opportunity at success is also a LOCAL agent.
Don’t waste 6 months of time because you chose an out of area agent that
advertises himself instead of YOUR HOME.
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