Are you thinking about selling your home? Are you looking to buy one and want to know why home sellers are moving today in Metro Detroit? Let’s find out🤩
Why are Home Sellers Moving in Metro Detroit?
Are you considering selling your home, or maybe you’re a buyer curious about the motivations of home sellers in Metro Detroit? Let’s examine the two primary factors inspiring sellers to pack up and move. Realtor.com survey highlights the 2 top reasons.
1. Making a Profit
Are you wondering if it’s a good time to sell your home? Here’s some good news: most people selling their homes lately are making a pretty good profit. ATTOM, a company that keeps track of property data, found out that:
“On average, home sellers last year made $121,000 in profit, about a 56.5 percent return on their investment.” That’s a big deal! This jump in home prices started during the pandemic when lots of people wanted to buy homes, but there weren’t many available. Prices increased because so many people wanted to buy the same few houses. Even though prices aren’t climbing as fast now, they are still going up, and that’s good news if you’re considering selling.
What Are Homes Selling for Today?
If you’re curious about how much your home is worth right now or what’s happening with house prices in your area, find out for yourself. You now have direct access bridge to my Multiple Listing Service Syste. Check out what homes are selling for in your city.
Macomb County Sold Home by City
Oakland County Sold Home by City
2. For Family Reasons
Moving to be closer to family is another big reason some people are selling their homes. They might want to help take care of older family members or just be closer to loved ones for birthdays and holidays.
Living near family can make a big difference. It means being there for the big and small moments, like weekend dinners or a quick coffee catch-up. According to the National Association of Realtors (NAR):
“A great real estate agent can help you find the right home that meets your needs and stays within your budget.”
Bottom Line
If you’re considering selling your home, there are plenty of good reasons why it might be a smart move. Whether you want to make a profit or be closer to family, now is a great time to explore your options. Understanding what’s happening in the market can help you make an intelligent move.
Thinking it through and getting the right advice can make all the difference in making a decision that feels right for you in Metro Detroit’s housing market.
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