Saline, Michigan Market Reports
When I think of the market in Saline, I like to see a comparison of where we are now vs where we were a year ago.
You can see from the chart below that our inventory is DOWN. That is a good thing, unless you are a buyer looking in a certain price point or neighborhood.
The other thing I like to look at is the price of homes, are they up or down?
When working with buyers looking to purchase a home in Saline, Michigan it is important to know if the community is consistent, down or increasing in value.
You can see from this graph that we hit a low ($192,000.) in March 2011 but now the price point is up to almost $220,000. This brings me back to the first point, inventory in Saline, Suppy vs Demand equals higher sale prices.
The next chart is done monthly by Affinity Valuations, a local appaiser that I have known for years and trust completely.
I like this chart because Pete graphs out for Saline, Michigan over a three year period. In this graph which Petes gleans from the Ann Arbor Area Board of Realtors, You can see the trend in price per square feet, number of sales each month.
The trend is price per square foot in Saline, Michigan has been consistent for the last three years.
On my Ann Arbor Real Estate Talk blog you can get monthly updates on the market in Saline, either by checking back monthly or signing up for Executive Reports to be emailed to you.
Originally posted Saline Market Report on Ann Arbor Real Estate Talk.