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Home sales report - December 2007 - Macomb County Michigan

By Kris Wales

Real Estate Agent with Keller Williams Realty - Lakeside Market Center

January 05, 2008 08:34 PM

Over the next few days I will be posting several real estate market reports, the first of which
is this comparison between sales taking place in December of 2006 and December of 2007.

The following graph represents single family homes selling in Macomb County during this
time frame. One of the areas that I was excited about is the "homes sold". There is only
a difference of 2 homes - yes, that's right, 2. December of 2007 was a strong month for
home sales in Macomb County.

Another area that showed some outstanding signs of improvement was the average total
days on the market. Those totals plummeted for this past month and I believe the reason
is two-fold: Home sellers are pricing their homes aggressively and wisely, and bank owners
of the foreclosures are becoming more realistic as to the value of the homes they now own.

real estate market report Macomb County

Data compiled by Kris Wales of RE/MAX Advantage 1, Inc. Information on the residential
sales is provided courtesy of Mirealsource™ and its participating brokers and real estate
agents.

If you would like particular information regarding your area in Macomb County MI
and the real estate sales please feel free to contact me at any time. I would be happy
to do the research for you.

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Keller Williams Realty - Ann Arbor, MI

Ann Arbor Area Real Estate

Kris,

Excellent blog on the numbers and they do tell the story. Can you separate out Macomb in Realcomp to get the sold number for your area?

The other factor we also see are buyers who understand that the time is now to buy with respect to price and interest rates.

Looking forward to your future graphs as well.

Jan 05, 2008 10:36 PM

Diane Aurit

LKN Realty, LLC - Mooresville, NC

Lake Norman Real Estate

Kris, it looks like your market is heading in the right direction. December is always a tough month and you had all of that snow so imagine what spring will bring! All best to you:)

Jan 05, 2008 11:54 PM

Teri Eckholm

Boardman Realty - White Bear Lake, MN

REALTOR Serving Mpls/St Paul North & East Metro

Kris--Interesting to note that though the average price is lower, virtually the same amount of homes have sold. Your market appears solid with educated buyers taking advantage of the opportunities in the market. Good localism post for Macomb County residents!

Jan 06, 2008 01:31 AM

Elizabeth Nieves

The Elizabeth Nieves Realty Group - Durham, NC

Bilingual Raleigh - Durham North Carolina Real Estate Team

KRIS- I was planning on doing the same thing. GREAT minds think alike. :-)

Jan 06, 2008 01:01 PM

Kris Wales

Keller Williams Realty - Lakeside Market Center - Macomb, MI

Real Estate Blog & Homes for Sale search site, Macomb County MI

Karen: I've never tried to pull the sales data from Realcomp™ as I find Mirealsource to be the most widely used for Macomb County. I think I'll take a peek today and see if there is much difference.

Teri: Prices are lower, but that is to be expected when the supply is much greater than the demand. Most of the country seems to be seeing this happening. I was also happy about the amount of homes that sold. nearly identical!

Diane: I was amazed also, especially with the colder wetter month of December we had this year. Last year was comparatively mild in climate. Thank you Diane, I hope you'll see the same type of activity picking up also!

Elizabeth: I'm looking forward to seeing yours. Consumers want to know, don't you think?

Jan 06, 2008 08:46 PM

Mike Mitchell

Kee Realty - Saint Clair Shores, MI

REALTOR (R)

Kris, great job! I was actually happily surprised that the difference in # of homes sold was 2!!! That is good news, I knew the sales prices were around that perc. lower, I think people are starting to realize that the prices have adjusted considerably.

Jan 06, 2008 11:57 PM

Home sales report - December 2007 - Macomb County Michigan

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