This week’s Howell real estate market update shows 249 units
of inventory (detached single family homes and condos). There were 24 new listings in the last 7
days, more than we’ve seen since before Thanksgiving. Sellers – there is great buyer activity out
there. Do not wait until Spring to list.
You’ll have much more competition and it’ll be harder to get noticed. Recent open house are showing a lot of buyer activity, too, many who have selected specific houses to match their needs.
There were 8 properties sold in the last 7 days at an
average sales price of $206,488 or at $106/sq ft. The average time on market for these sales
was 88 days (time from list to sale), shorter than I would have thought.
The MultiList System (MLS) has 10 units for lease/rent. Remember there is no ‘one stop shopping’ for
rental property. Most landlords don’t
use the MLS. Apartments do their own
marketing, too, so there’s plenty of rental properties out there, you just have
to hunt for them.
Click here to get a pdf file of this week’s new
listings. Check out my video update
here.
Feel free to call with general Michigan real estate questions, too. 810-220-1478.
