A lot of great trends are starting to take hold in our market. Days on market is down and home sales are up. That’s great news for sellers.
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We’ve got a short and sweet update for you today on the Michigan real estate market. Here’s what we have been seeing lately.
In terms of the average days on market, most homes in the country are on the market for less than 90 days right now. Here in Michigan, our average is less than 45 days. The listings we have at Kime Realty are selling even faster, usually under 30 days.
Home sales are up this month in every single region but the west, where a lack of inventory is causing this rather than a shortage of buyers.
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So far this year, we have exceeded the number of existing home sales in 2015 each month. Yes, 2015 was great, but 2016 has been even better. We expect 2017 to follow suit and improve on these already great numbers.
We expect 2017 to be even better.
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If you have any questions, feel free to give me a call or send me an email. We look forward to hearing from you.
