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Southeast Michigan Real Estate Market Update

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Today I'm starting a video blog to educate you as buyers and sellers in the Southeast Michigan real estate market. It's always best to be informed when entering the market, and so I'll be sending out two video blogs a month with useful information for you. Today we're going to speak about the Southeast Michigan market and at the end of the video you'll have a chance to win a free copy of How to Sell Your Home for Top Dollar in Any Market Anywhere! 
  • There was a 19.6% increase in the average sales price in 2014. This number may climb down this year, but increases of 20% just aren't sustainable, so this is not a bad thing. We don't want to enter a bubble.
  • Average days on market fell just below 50.
  • Many renters are set to purchase homes this year, which will set this already-hot market ablaze with competition. I also expect sellers to come out and list their homes as we recover from the financial crisis a few years ago.
  • You can probably expect a shortage of inventory, but nothing so low that you won't be able to find a good home. 
  • Interest rates are historically low. Despite price increases in the area, these low rates will still allow buyers to afford better homes
  • Growing employment rates will also help our Livonia real estate market and bring out more buyers and sellers.
So, if you're thinking about buying or selling be sure to contact us soon so you can beat out the people who are going to come out in the spring and flood the market. Now is a really excellent time to buy or sell, so get into contact with my team and we can get you headed in the right direction.

Also, if you'd like a free book about home selling, simply text the word 'book' to (248) 923-4663

Stay tuned for more!