October ’19 Market Report

Despite the seasonal slowing, year-to-date sales are even with last year and set an all-time high in closed volume—4% higher than last year. The market continues to carry momentum into the fourth quarter that may be slow to pick up in the 2020 election year.

Southeast Michigan listing inventories peaked in late September. Market times are growing. New pendings and closed sales rates have started the typical year-end decline. The market continues to become more balanced between buyers and sellers.

Market movements are beyond our control, but every market change creates new opportunities for our clients. This month’s Housing Report features a story, “Year-End Buyer and Seller Opportunities”.

Read the full market report HERE