Is the Timing Right to Buy or Sell? Farmington Market Update

By
Real Estate Agent with Re/Max Classic 314578

Farmington, MI

Sun Sep 02 2018
This week the median list price for Farmington, MI is $319,900 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has held steady at or around 232. Click here to stay informed with the Farmington market!

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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Comments (3)

Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning

Thank you for sharing your information with us 

Have a great day.

09/02/2018. 

Sep 02, 2018 08:32 AM
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Tom, always enjoy viewing stats and charts on other communities.  Thanks for sharing with us.

Sep 02, 2018 11:13 AM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coastal Living

Thank you for sharing the latest real estate market report for home values in your area. 

Sep 03, 2018 02:01 AM

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