The news for Canton & Plymouth real estate market continues to be look good this spring. Realcomp, the local MLS just released a market report that shows good signs. Home prices continue to increase, days on market is decreasing, and year over year 6% more homes sold!
MARCH SALES STATISTICS INCREASE BY ALMOST 6%:
All sales were up 5.9% from 5,295 in March 2011 to 5,606 in March 2012. Here's a brief preview of other March sales statistics:
- The median sale price for Metro Detroit rose by 18.7% as compared to last year.
- Of the 5,606 All MLS sales closed in March of this year, 12.9% (725) were identified as short sales.
- Average Days On‐Market (DOM) for the entire MLS decreased from last year by 9 days, from 97 to 88.
- All MLS on‐market inventory declined by 18.6% from 32,317 in March 2011 to 26,317 in March 2012
If you are ready to Buy or Sell in this improving market, give me a call today!
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