economy: January Market Update - Macomb County
- 02/01/07 01:08 PM
There seems to be a little life left in the Macomb County real estate market. No doubt the unseasonably warm weather the first few week helped. Let's see what the numbers show in Macomb County during the month of January, 2007. There were 6389 homes for sale as of the 31st of January, a 4% increase of 246 listings. There were 469 happy sellers who had their homes sell during January, an healthy increase of 48 sales or 11.4%. There have been an average of 509.33 sales/month over the past 6 months. 6389 Homes for sale469 Homes sold in December509 Homes sold per month (6 month average) From now on I have decided to use the actual monthly sales figures … (2 comments)
economy: December Market Update - Armada Village
- 01/11/07 11:43 AM
Let's look at the state of real estate in the Village of Armada. There were 21 homes for sale as of December 31st. Sales in the village were zero, zip, and nada. There have been an average of 1.33 sales/month over the past 6 months. 21 Homes for sale 0 Homes sold in December1.33 Homes sold per month (6 month average) = 15.8 Months of Supply, a very strong buyer's market. A slight drop in MOS primarily due to a couple of sellers who pulled their signs. There are some great deals in Armada, including this one, but the buyers are still hesitant. … (0 comments)
economy: December Market Update - Macomb County
- 01/04/07 11:24 AM
Let's look at the state of real estate in Macomb County through the end of December 2006. There were 6143 homes for sale as of the 31st of December, a 8% reduction of 533 listings. There were 421 happy sellers who had their homes sell during the month, an increase of 28 sales or 7%. There have been an average of 572 sales/month over the past 6 months.
6143 Homes for sale421 Homes sold in December542 Homes sold per month (6 month average) = 11.3 Months of Supply, a strong buyer's market. A slight tightening of supply is typical of December, as many sellers take their homes off the market for the holidays. What is … (0 comments)
economy: November Market Update - Macomb County
- 01/04/07 11:21 AM
Courtesy of Flickr.com If you follow Southeastern Michigan real estate, you've probably heard that it's a buyer's market. What is a buyer's market? Simply put, a buyer's market occurs when there's a whole lot of sellers and comparatively few buyers. We can use a tool called Months of Supply (MOS) to quantify how much of a buyer's market we are in. To determine the MOS of a particular area we simply divide the number of homes of sale by the average number of sales per month. For example, if there are 12 houses for sale and they are selling at the rate of … (0 comments)
My name is Richard Marcum and I am the broker/owner of CENTURY 21 Sunrise with offices in Washington and Almont Michigan.
CENTURY 21 Sunrise has been serving the real estate needs of Southeastern Michigan since 1972.
There seems to be a little life left in the Macomb County real estate market. No doubt the unseasonably warm weather the first few week helped. Let's see what the numbers show in Macomb County during the month of January, 2007. There were 6389 homes for sale as of the 31st of January, a 4% increase of 246 listings. There were 469 happy sellers who had their homes sell during January, an healthy increase of 48 sales or 11.4%. There have been an average of 509.33 sales/month over the past 6 months.;)
;)
