As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon?

the Pearson Group is keeping a pulse on their local markets.  Working with Sellers in a market where there is such strong demand can cause prices to rise but,

Kay and Robin want to help sellers make informed decisions that can provide the absolute best results in both the number of days their home will remain on the market and the impact the list price has on the their success.

Click Read More to view last month's Waterford vs. Clarkston comparison.  

“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for sale homes dropped below 600,000.”

Southeast Michigan Monthly Housing Report December 2016

 

 

Southeast Michigan Monthly Market Update for November 2016

Spotlight On Detroit

Southeast Michigan Monthly Market Update for November 2016

Spotlight On Detroit

Southeastern Michigan Real Estate Update - July 2016

The summer of 16' has followed the same trends as the winter and spring, with inventories remaining tight across all markets under $500,000, particularly in the $100,000-$250,000 segments. Sales are up in most markets above $100,000, as are new listings entering the market, which might start to give some relief to buyers frustrated with their home search.  About one third of homes sold were on the market for 10 days or less, while the majority of homes (50%) remained for 30 days or less.

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