January 2016 Metro Detroit Sales Report

By
Real Estate Agent with Client First, Realtors - Canton, MI
https://activerain.com/droplet/4P6Z

The January Metro-Detoit and greater area has been published by Realcomp the MLS for the area. The highlighes are that inventory is still very tight, 

 

• All MLS sales for the month were up by 11.4% from 3,971 to 4,423.

• The median sale price for All MLS sales was up 11.3% from $124,000 to $138,000

• Average Days On-Market (DOM) for All MLS stayed the same at 58 days.

• On market inventory decreased since last January by 2% from 20,260 to 19,854.

• 94.2% of the on market inventory is designated as non-foreclosures and 5.8% is designated as foreclosures. 

January 2016 Combined Residential & Condo MEDIAN SALE PRICE and Closed Sale Summary by: 

County/area        Jan. 16                     Jan. 15              % Change

Livingston          $193,950 /176         $190,000/190       2.1/17.3

Gr. Wayne          $115,000/1013        $96,000/947         19.8/7.0

Oakland              $190,000/1235        $175,000/1066     8.6/15.9

Posted by

Scott A. Petersen
Client First, Realtors

www.scott-petersen.com

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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Scott Petersen Thank you for taking the time to share this report.  It is most informative and provides important information for buyers and sellers alike.  Very professional!

Feb 24, 2016 01:45 AM #1
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