My Macomb County MI area has been in the midst of this housing value decline for several years now, and I thought it would be interesting to see how this past September home sales compared to the previous September sales data (2007 and 2008).
While we aren't seeing home prices stabilizing as of yet, we are seeing fewer homes come on the market. We're also seeing more homes being sold this year than in years past. That should help us in the near future with the supply & demand issue that has been so heavily tilted to the "supply" side of the market.
Macomb County MI
|
September 2007
|
September 2008
|
September 2009
|
Homes listed
|
2020
|
1948
|
1475
|
Homes sold
|
525
|
797
|
840
|
Avg. sales price
|
139795
|
115136
|
89751
|
It's interesting to note that while fewer homes are coming on the market this year (less foreclosures and bank owned homes) there is more competition for the homes. The increase in the homes sold when comparing September 2007 to this past September is 60%.
If you would like specific information regarding your Macomb County homes value please don't hesitate to contact me. No pressure - just conversation.
All data courtesy of Mirealsource™ and its participating real estate brokers and agents and is deemed to be reliable but not guaranteed.
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Hi Kris,
Good comparable sales information to give out. We just sent out our quarterly statistical report comparing third quarter of 200 and 2009 to our market area. Will be posting our community information on AR this week. Thanks for sharing your information. Isn't it amazing the increase in number of homes from 9/27 to 9/09 is up 60%! Getting rid of the inventory will help!