Macomb County real estate market springing into action!
Average number of number of days on market only 10.9 days
Well I showed many homes this weekend and at nearly every stop I was met by other agents showing the home to their buyers. Not necessarily great news for my client but an encouraging sign nonetheless!
A quick look at the statistics’ and I discovered that the average number of days on market is at a 3 year low.
In Shelby Township, Michigan for instance, there were 27 properties that went pending since March. The average number of days on market was only 10.3 days.
In Sterling Heights Michigan, there were 57 properties that went pending since March. The average number of days on market was only 10.2 days!
If we look at the entire Macomb County area, there were 401 reported pending sales. The average number of days on market was only 10.9 days.
The bottom line is that if you are a buyer searching for a new home, now is the time to buy. Decreased days on market equates to less inventory. Less inventory results in multiple offers and higher prices. Work with a REALTOR® who is ready, willing and able to assist you. They can help you successfully purchase the home that you have been waiting for.
If you would like more detailed information about current sales in Metro Detroit Michigan, feel free to call or contact David Elya
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