Welcome

Our real estate market here in Southeastern Michigan has been rather interesting the past several years. We have been experiencing a down housing market made up of foreclosures and short sales. There have been huge housing inventories at times, significant drops in property values and to top it all off a down turn in our economy that has lead to a very sluggish market.

So with all that considered I thought that I would start putting out some relevant information that purchasers, sellers, investors or whomever for that matter could use to improve their chances of success in this market. I work in the industry, live in the market and want to put the knowledge I gain everyday out for others to benefit from.

I hope this helps, if there are things you would like to see, drop me a note.

Thanks - Nathan

Tuesday, May 22, 2012

Temperatures, Average Selling Price, and Home Sales Heat Up Across Michigan


Home sales prices and sales on the rise in Michigan.


Temperatures, Average Selling Price, and Home Sales Heat Up Across Michigan


April housing sales continued a positive trend across the state with 72% of the Multiple Listing Services (MLS) reporting increased sales and increased selling prices. Both home sales units and average selling prices for April, 2012 increased over April, 2011. According to the MLS reports compiled by the Michigan Association of REALTORS®, 10,136 single-family homes were sold in April, 2012, an increase of 3.46% over April, 2011 while the April 2012 average sales price was $104,058, an increase of 9.72% for the same time last year.

April was an exceptional month for 13 of Michigan’s MLS’s who reported an increase in average sales price of 20%+.

Key Statistics:

$97,365 - 2012 average sales price, YTD
36,122 - 2012 single family units sold, YTD
$3.5 million - 2012 total sales volume, YTD

Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.

Source – Michigan Association of Realtors
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