Michigan Home Values then and now
I just received a call from a potential home buyer from a sign in a yard. I did not list this home as it is a shortsale so I referred it to a fellow agent in my office. This call got me thinking on how much things have changed in some of our local area's in the Detroit Metro area. Just look at this for example:
Home that I received call on today currently listed at $19,900 (2011)
Same home last sold for $123,000 (2003)
Looking at this and how things have been for homeowners, real estate agents and all companies in between--we can say things have been beyond tough. To all the homeowners and businesses in the Detroit Metro area that are still making things work--I applaud you!!! This market has been very tough and has caused many of us to grow beyond what we ever thought we could.