Michigan Real Estate Update for April 2019

 
A Note from Dan Elsea
President of Brokerage Services
 
All,

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 nearly that same amount and closed volume is almost even with last year.

Look for a continued shortage of move-in-ready homes in the lower and middle price ranges. Sharp homes will continue to sell fast and for top dollar. Prices should continue to rise, but at a slower pace and expect upper-end values to be flat as high-end inventory builds up in most markets.

Click here to download the full report

Southeast Michigan Housing Report Q1 2019

 
Dan Elsea
 
Real Estate One 
Real Estate One
31 S. Main Street, Clarkston, MI

 

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