Home sales in Macomb County MI - Comparing this past September with previous years

By
Real Estate Agent with Keller Williams Realty - Lakeside Market Center


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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Rainmaker
3,830,003
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

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!

Oct 04, 2009 10:59 PM #1
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Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Kris,

Looks like good news and bad news in the numbers. Prices have to start going up again when the inventory shrinks like that.

Rich

Oct 04, 2009 11:10 PM #2
Rainmaker
1,518,442
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

The sales are picking up which is good. Of course I think they are spurred onward by the great prices. I think you have given me an idea for a post! Thanks.

Oct 05, 2009 12:26 AM #3
Rainmaker
2,772,189
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Kris, I'm glad to hear the homes are selling and hopefully prices will start going back up--looks to me like things are changing.

Oct 05, 2009 01:04 AM #4
Rainmaker
179,901
Jason Rose
123 ConEd LLC -- Michigan real estate continuing education - Farmington Hills, MI
www.123ConEd.com

Good morning, Kris.  Thanks for compiling and sharing those statistics.  Although the sales prices are lower, it's good to see that the number of homes being sold is increasing!

Oct 05, 2009 01:14 AM #5
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920,196
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

Wow that is a huge increase. I think it is the fact that more buyers are taking advantage of the prices.

Huge....Yea....get rid of that inventory.

Less inventory means home prices will start to come back up.

Oct 05, 2009 02:29 AM #6
Rainmaker
575,553
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

2 out of three good number now we need to get the average sales price up and the competition may just do that over time.

Oct 05, 2009 02:47 PM #7
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Macomb is not as bad as us with the price declines and that is a little silver lining in the cloud!  We have the same supply/demand issue here with the amount of listings lower and the units sold higher!  It's all a challenge :)

Oct 05, 2009 11:50 PM #8
Rainer
340,913
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Hi everyone!   I apologize for not responding quickly.   Just received the email notifications this morning that there were comments.

I'm really excited that more homes are selling, but like all of you, wish that the prices would stabilize.  Thanks so much for taking the time to read this and I look forward to reading all of your market reports.  It's always fun to see what is going on that isn't in my neck of the woods :-)

Oct 08, 2009 10:34 PM #9
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Rainer
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Kris Wales

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