|
Information Source: May 2008
Compared to May 2007, Metropolitan
REALTOR® |
|
OAKLAND
COUNTY |
SALES |
MEDIAN SALE
PRICE |
| BERKLEY |
+97.0% |
-26.0% |
| BEVERLY HILLS |
+27.0% |
-25.0% |
| BIRMINGHAM |
+37.0% |
+36.0% |
| BLOOMFIELD HILLS |
+200.0% |
N/C |
| BLOOMFIELD
TWP. |
+81.0% |
-11.0% |
| FERNDALE |
+57.0% |
-47.0% |
| ROYAL OAK |
-21.0% |
-10.0% |
| SOUTHFIELD |
+37.0% |
-42.0% |
| TROY |
-10.0% |
-18.0% |
Summary:
Although prices have dropped by as much as
26% in the North Woodward area of Oakland
County, Southeast Michigan real estate sales are up by
as much as 200%. The number of homes on the
market has declined. With the number of days
declining as well, it's only a matter of
time before the laws of supply and demand
start home prices rising.
You can view the homes that
I have listed or
search the Multiple
Listing Service, yourself, right here on my
website.
Learn how these
Statistics Affect YOU!
BUYERS:
-
It's a Buyer's Market
-
Now is the Time to Buy
-
Interest rates are still
relatively low
-
The Federal Reserve has
lowered interest rates
-
Inventory is high so
there are lots of homes to select from
-
Sellers are more
motivated to sell, which could mean more
concessions for you
SELLERS:
-
It's possible your home
may be on the market longer
-
Homes that are Priced
Right will sell faster
-
I'll help you net the
Most Money from the sale of your home
-
You need aggressive
marketing to get the exposure for your
home
-
Utilize my 30-Day
Marketing Plan (link to that page)…about
85% of the homes listed by me are sold
through my 30-Day Marketing Plan
ACT NOW:
It's particularly important for you to hire
the best REALTOR® to handle your Southeast Michigan real estate transaction. I'm not your typical
REALTOR®…I'm unique. Besides being a
REALTOR®, I'm also a real estate lawyer with
over 20 years experience. Whether you're
buying or selling, I'm highly qualified to
guide you through any real estate
transaction. Fill out the form below for
more information about how these statistics
personally affect you. I'm always happy to
answer any questions.
