BUYERS OR SELLERS MARKET?
We are currently experiencing a Sellers Market, in terms that means property demand is HIGH, with that comes properties being sold quickly for above-average pricing. There is a limited number of homes on the market!
At the end of the day it depends on the area you're in at Michigan.
if you're in;
Livonia
Westland
Northville
Novi
Canton
Plymouth
Garden City
Wayne
or any surrounding areas
Send me over an email saying "market update and your area" and I would love to respond with a more specific idea of how the market is in the area!
INFO UPDATED APRIL 2024
Average Price Trends
As of APRIL 2024,
Average Price Range; $298,853
Average Homes sold; 106,962
Average days on Market; 33 days
Insider FUN FACT
We may be in a sellers market, but throughout 2024 we're seeing drops in offers over asking price and actually seeing more under bought, and sellers are doing price reductions. This could be due to the past high interest rates, which are SLOWLY (too slow) headed down!
UPDATED APRIL 2024
SELLING STATS
-homes selling 5 days later than average
-selling for over $11,750 more than annual average
-Median SALE price; $250,000
SHOULD I INVEST IN HOMES IN MICHIGAN?
YES! Michigan is a perfect place for investment properties especially by the main cities. Id love to help you search for good investment properties in Michigan, please contact me!
