Earlier this month Realcomp, Michigan's largest Multiple Listing Service, released the latest sales figures showing promising signs for our housing market. For the fourth straight month this year, sales increased by 10.84% over the same period last year. Additionally, properties currently under contract show the trend is continuing.
While prices have declined and the credit crunch is still affecting mortgage options, interest rates remain low and well priced properties are selling. This is welcome news, and bodes well for this year's selling season!
If you know someone who has been thinking about taking the homeownership, now is the time. There are lots of really great deals out there.
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate
Debra, hadn't seen realcomps data, but our listings are down too, sales up and everyone is busy. We as Realtors knew in 2001 when it slowed down and I believe we will know when it turns around. I do believe we are stabalizing.
May 23, 2008 11:52 PM
Rainer
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Debra Drummond
MichiganMoves Real Estate in SE Michigan
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