Real Estate Market Statistics Brighton, MI 48114 for April 2015
Real estate market data for Brighton, MI 48114 provided by Christina Ehli, RE/MAX Platinum, 6870 Grand River Ave, Brighton, MI 48114.
Brighton, Michigan Home Prices and Days on Market
Since January 2015 every month has seen the average sales price go up in Brighton, MI 48114 and I do not expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Brighton but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market and with multiple offers. To make sure you don't overpay for your home, you will want to have an agent that does a thorough market analysis of the Brighton, MI home on which you are making an offer. The average sales price in Brighton, MI 48114 was $210,023 in January 2015 and has gone up to $283,427 in April 2015.
Currently in this area of Brighton, MI 48114, homes had an average of 41 days on the market in April 2015 before they sold. From October 2014 to March 2015 we saw an average days on market in Brighton, MI 48114 range from 61 days to 76 days on market. This is a dramatic decrease in days on market for April 2015.
Buyers need to be in a great position to make an aggresive offer on a home. Buyers need to have a pre-approval letter from the onset before looking at homes for sale in Brighton, MI. There are more frustrated buyers who miss out on a house if they cannot see it within the first few days of the house coming on the market. You will want to work with a buyer's agent like me that works with a limited number of buyers at a time and checks the local MLS multiple times a day for updated listings . I can also send you listings via email as soon as they come on the market.
Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Brighton, MI 48114 has led to multiple offers in the local real estate market. I would not expect home prices to run up quite as fast as they did at the top of the market about 10 years ago. Banks have gotten a lot stricter on lending guidelines incluidng with appraisals. Low inventory is one indicator that prices should continue to rise. I am curious what the spring and summer real estate market will bring in Brighton, MI. Will sellers get off the fence when they realize their house is worth more than they may expect.
The chart below shows the average sales price in Brighton, MI 48114 from January 2015 to April 2015.
Brighton, MI 48114 Real Estate Report Summary
The median list price in April 2015 for single family homes in Brighton 48114 is $320,000. This is an increase of 22% from the previous year (April 2014).
The median sold price in April 2015 for single family homes is $280,000. This is an increase of 14% from the previous year (April 2014).
The total days on market dropped in half in April 2015 vs April 2014. Only 15 days on market in April 2015 vs 31 days on market in April 2014.
Find Homes for Sale in Brighton, MI
Visit my website to search for homes in Brighton, MI or to be notified when Brighton, MI homes come on the market.
To find out what you home is worth in the current market contact me or call 248.830.6921.
All information is deemed reliable but not guaranteed. Information provided courtesty of Realcomp. Does not include condominiums or for-sale-by-owner homes or other houses not listed and sold through the local MLS.
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