Through August, year-to-date sales are nearly even with last year and average price is up 4%, yet value changes vary dramatically by area and price range. The Housing Report linked below breaks each market area down into four price ranges, making the numbers more relevant…
In most local markets, inventory levels continue to grow compared to last month and last year. YTD closed sales are only down 1% from a year ago and although most values continue to rise, they are leveling out—especially in most higher-end markets. Pay attention market…
The market was relatively strong throughout the 2nd quarter. July 1st inventory was up 16% from last year and should continue to rise as we move forward. Prices are beginning to flattened out, especially at high-end prices. Although inventory is rising, buyers are still competing for the…
Heading into summer, the 2019 market has been stronger than expected. Closed sales in Southeast Michigan are even with last year and values are up 2 to 3% in most markets. Despite an 18% rise in the number of available listings compared to last year,…
A surprise decline in interest rates has given a boost to sales activity in the first third of 2019. Available listing inventories continue to rise compared to previous months and previous years. In most markets, the number of homes sold YTD is down, but average…
2019 got off a great start with first quarter numbers that are comparable to last year. Inventory levels are up compared to a year ago. Buyers have more choices. While first quarter sales are down 3%, average price and price per square foot are up…
