Macomb Township, Michigan Real Estate Market Report ~ February 2014

By
Real Estate Agent with Real Living Kee Realty

 

Macomb Township saw 42 closings (for single family homes) for the month of February. Included in those 42 closings: 8 were REO's (Bank Owned Homes) and 2 were Short Sales. 

 

        Stats for February 2014

  • The average sale price was $252,754 & the median sale price was $243,500
  • The average Days On Market 59 & the median Days on Market 39
  • The average List Price was $255,777 & the median List Price was $245,645

 

Currently, to date there are 201 active listings in the multi-list and there are 133 under contract or Pending. Looking back at the last 6 months absorption rate there is a 3 months supply of homes on the market. What does that mean? Anything from 1 - 4 months supply of homes would be safe to call a Sellers Market. 

 

 

 

If you want to know what your Macomb Township Home is Worth in Today's Market contact me for a FREE market analysis (cma)    ~ No Pressure    ~ No Obligation

 

 

 

BUYERS ...... ready to start searching Macomb Township Homes For Sale? Search like an agent with a FREE Listingbook account. If you are ready to start home tours or have any questions at all ...... don't hesitate to contact me! 

 

 

Think Spring!

~ Mike

 

 

*Information deemed to be reliable but not guaranteed. Information taken from MiRealSource multiple listing service. Above sales were sold by agents and/or brokers. These statistics do not include for sale by owners.

Posted by

_______________________________________________________________________________________________

 

Looking for a Great agent in Macomb County? Let me GOOGLE one for you. 
 

 Mike Mitchell -REALTOR®                                                               
 Real Living Kee Realty 

 

Call / Text: (586) 291-2652

 

 Email Me

 

http://www.mikemitchell.realtor

Search Macomb County MI Homes for Sale   

                             

 Mike Mitchell - Real Living Kee Realty     

                

Comments (4)

Bruce Swedal
Denver, CO
Denver Real Estate

Fantastic market report, I love the stats you give. You definitely know the market and any buyers or sellers would be lucky to have you.

Mar 06, 2014 12:29 AM
Mike Mitchell
Real Living Kee Realty - Saint Clair Shores, MI
REALTOR (R)

Thanks Bruce! I appreciate the input. 

Mar 06, 2014 06:39 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Mike - Great real estate market report for Macomb Township.

Apr 01, 2014 09:57 AM
Mike Mitchell
Real Living Kee Realty - Saint Clair Shores, MI
REALTOR (R)

Thanks Michelle!

Apr 08, 2014 11:32 AM