Why Selling Your House has it’s Perks Today💲📈

If you’re on the fence about Selling Your House in Metro Detroit, a low-inventory market might tip the scales in your favor. Read on to uncover the surprising benefits!

Why Selling a House in Metro Detroit has it perks Today. |Team Tag It Sold

Selling Your House Has Great Perks Today.

Navigating the housing market while planning your move can feel like a balancing act. But guess what? You’re in luck. With fewer homes on the market right now, you have a unique advantage. Let’s explore why low inventory is a game-changer for selling a house in Metro Detroit.

Navigating Today’s Unique Market: High Demand, Low Supply

Are you thinking about selling your house in Metro Detroit or jumping into homeownership? Right now might be one of the best times for both. Demand is high, but the number of homes available is unusually low. This makes any home on the market, including yours, extremely valuable to buyers.

To put this into perspective, let’s look at some data. Using information from the Multiple Listing Service, the charts below compare the housing inventory levels going back three years. Even though mortgage rates were much lower compared to today, we haven’t seen a shift to a buyer’s market. With inventory levels under four months, it’s still a seller’s market in Metro Detroit. What’s clear is that we’re experiencing a significant shortage of homes for sale in Macomb and Oakland County. 

Macomb County Inventory of Homes for Sale

Oakland County Inventory of Homes for Sale

This isn’t just hype; it’s a fact-based observation of the current market. So, if you’re a seller, your property has the spotlight. And if you’re a buyer, know that homes are moving quickly, but new opportunities arise daily. Seize this unique moment to your advantage!

What That Means for You

Buyers have fewer choices now than they did in more typical years. And that’s why you could still see some great perks if you sell today. Because there aren’t enough homes to go around, homes priced right are still selling fast, and the average seller on average year over year in October, you were receiving 100.2% of your asking price. Selling Your House in Metro Detroit gives you the advantage. 

Macomb County Median Percent of List Price

Oakland  County Median Percent of List Price

 Now Unlock All The Secrets Of Metro Detroit’s Housing Market

Are you wondering if home prices in Metro Detroit are rising or falling? Let’s dive into the latest data to find out. For details, visit Metro Detroit Housing Market by City.⤵️  Remember, supply and demand are the key players in shaping prices.

As for the median and average sales prices, they’re holding steady. Some areas are experiencing a boost, while others are seeing a slight dip. Sellers note that you’ll likely get more than your asking price, with an average of 100% of the list price. And buyers, don’t hesitate; homes are spending, on average, fewer than 50 days on the market today. If you are a future home buyer holding out from buying a home because you’re hoping the Housing Market will crash, sorry, there is no sign of that happening, and here’s why. 

Macomb County Days on Market


Oakland County Days on Market

Keep Up To  Date…

For those who like to stay informed, updated Metro Detroit housing data is available by the 15th of each month. ⤵️ This information, sourced directly from the Multiple Listing Service, is organized by county first. You can then delve into more specific trends by city and price range. As of this month, there’s no sign of home prices declining. However, it’s worth noting that different areas and price points may experience unique trends. To keep up to date, request your newsletter for updates sent to your email inbox. 

Macomb County Home Prices by City

Oakland County Home Prices by  City

Navigating Today’s Unique Market Conditions

For those considering selling a home in Metro Detroit, it’s worth noting that we’re in a period of limited housing supply. This presents an opportunity: your property could be the fresh listing buyers are eager for. On the flip side, buyers might find new options entering the market. Let’s collaborate to determine a fair market price for your home. In the meantime, if you would like an instant evaluation report, enter your address. By taking action now, sellers could benefit from a timely sale, and buyers may discover expanded choices. The time is ripe to make informed, beneficial real estate decisions.

More Help Is 1️⃣ Click Away⤵️

If you find this information useful, like and share it with your friends and family. 🥰💯
 

 

Contact me with any Questions 🤩 Testimonials Scroll Down…👍
Pam Sawyyer @ Metro Detroit Home Experts

Buying and Selling Guides

Get Your Home’s Value 

Simplifying Real Estate

Custom Home Search

☎ ~ +1 (248) 343-2459
📩 Email
Contact Us
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 to the current year. All Rights Reserved
Scroll to Top
Reat Estate Indider to Date NewsLetter Subscribe

Real Estate Insider 🏡🎯

Stay ahead in the real estate journey with insights that matter. Our newsletter is all about helping you save when buying and earn more when selling. Provide your email or text #, and we’ll deliver the knowledge you need. 👇👇👇
Reat Estate Indider to Date NewsLetter Subscribe

Real Estate Insider 🏡🎯

Stay ahead in the real estate journey with insights that matter. Our newsletter is all about helping you save when buying and earn more when selling. Provide your email or text #, and we’ll deliver the knowledge you need. 👇👇👇
Verified by MonsterInsights