We can honestly say that the real estate market is hotter than it’s ever been. We currently have a 1.7-month supply of homes in Ann Arbor Schools—anything less than five months is a seller’s market. Each area and price segment are different, so be sure to check with your agent to see additional trends.
Across the nation, home prices are rising.
The National Association of Realtors’ chief economist says that the pool of the interested buyers at the end of 2020 outweighed what was available for sale, and inventory is at record lows across Michigan. We’re also seeing more people who want to purchase a home rather than rent, and many need a different setup to accommodate schooling from home, working from home, and so on. The driving forces behind these trends include interest rates, upcoming vaccines, and the resolution of the U.S. election.
If you’re thinking about selling your home and want more money from your sale in less time, reach out and give us a call. We’re here to help add value to your transaction.
We can honestly say that the real estate market is hotter than it’s ever been. We currently have a 1.7-month supply of homes in Ann Arbor Schools—anything less than five months is a seller’s market. Each area and price segment are different, so be sure to check with your agent to see additional trends.
The National Association of Realtors’ chief economist says that the pool of the interested buyers at the end of 2020 outweighed what was available for sale, and inventory is at record lows across Michigan. We’re also seeing more people who want to purchase a home rather than rent, and many need a different setup to accommodate schooling from home, working from home, and so on. The driving forces behind these trends include interest rates, upcoming vaccines, and the resolution of the U.S. election.
All in all, right now is a perfect time to put your house on the market. Whether you’re upsizing or downsizing, know that across the nation, home prices are rising. Residential home prices are up by 3.8% and the average price for a condo is up .3%.
For trends and specific pricing for Chelsea, Dxter, Ypsilanti, Saline, Ann Arbor, Manchester, and Milan click this https://www.
If you’re thinking about selling your home and want more money from your sale in less time, reach out and give us a call. We’re here to help add value to your transaction.