Is The Timing Right To Buy Or Sell In Farmington Hills

Real Estate Agent with Re/Max Classic 314578

This week the median list price for Farmington Hills, MI is $334,900 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has held steady at or around 93.

Market Action Index This answers “How’s the Market?” by comparing rate of sales versus inventory.

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Market Segments Each segment below represents approximately 25% of the market ordered by price. 

Stay Informed With the Farmington Hills Housing Market Here 

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Tom Gilliam- RE/MAX Classic

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