Michigan Monthly Real Estate Market Update

Max Broock Realtors
Kay Pearson

Kay Pearson

248-860-0366

Michigan Market Update

So far this year we have had a classic economic struggle of Good vs. Evil.

The Good Side

* Values are stable to rising (even Case-Shiller shows metro Detroit values are up!)

* We are creating jobs in Michigan

* Consumer Confidence moved up a bit

* Strong pent up buyer and seller demand

* Record low combination of prices and interest rates

 

The Evil Side

* Lack of saleable home inventories

* Larger percentage of homes with little to no equity

* Slow job growth

House Values Continue to Decline

CoreLogic September Home Price Index Shows Second Consecutive Month-Over-Month and Year-Over-Year Decline

Real Estate Industry and Trade Media

November 07, 2011, Santa Ana, Calif. –

––Prices Are 4.1 Percent Lower Than a Year Ago––

Read the Entire Article

Real Estate Sales Down and Up in North Oakland County

SALES PRICES ARE UP! 

NUMBER OF HOMES SOLD IS DOWN!

Clarkston Supply and Demand 2nd Quarter - 2011

Absorption Rate Graphs are completed by "The Pearson Group" for several areas.  We often post these charts for buyers and sellers to view and always provide the charts to each seller at the time a home is being listed.  The Absorption Rate Reports reveal the supply and demand in areas and often reveal a variety of variables that can be helpful to sellers who want to assure their home is competitively priced and it can also help buyers understand if they are dealing with a "Buyers" or "Sellers" market.

Recently Sold in Clarkston

Lost Lake Woods - 2nd Quarter Real Estate Report

News Homes in Ortonville MI

New Homes starting at just $149,900. Long Lake Village is located just 5 minutes north of I-75 off M-15. View our Long Lake Village Newsletter announcing the various homes available at Long Lake Village.

1st Quarter Sales Comparison Report for North Oakland County

Michigan Man Video

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