How's the real estate market in Highland, Michigan?

Highland, Michigan is one of the six local Township markets that I track on a weekly basis. Some of those markets have recently had a sort of revival, turning upward in terms of the median value of homes that have sold. Highland median home values had a renaissance of sorts at the end of last year, but has trended down again, with home values continuing to slide year-over-year.



The inventory on the market continues it's fairly consistent slide as the foreclosure overhang is worked off. Foreclosed homes continue to represent more than 50% of the sales in Highland, at least so far in February, with the Median sale price in February at only $88,000 through last weekend. Obviously lots of very inexpensive foreclosed homes have sold recently and there are more out there if you are looking for a bargain.

You can see all of the data that I collect and present about Highland, Michigan at my Milford Team Web site, including the details of exactly what has sold so far in February (data for prior months is there, too). As of last Sunday there were 155 homes on the market in Highland Township, Michigan and you can search for all of them at my Web site. Click on the Real Estate Statistics choice on the home page. If you're looking for a home in Highland or have a home to sell, give me a call. I know the market in Highland, Michigan.