The biggest real estate story throughout Washtenaw County and all of Southeast Michigan is that we have begun 2017 with extremely low inventory.

Year-to-Date Closed Sales Up
Despite limited and picked over inventories, closed sales activity for both single-family homes and condos is up and ahead of last year’s pace by 7% and 5% respectively. Considering the extremely low inventory levels, buyer activity and demand remains strong.

Sale Prices Up Slightly for Single Family, but Level for Condos
Closed average sale price for single-family homes is up by 5% for single family homes, but about even for condos. Considering the limited inventory, this is good. Assuming buyer options will open up as spring inventory levels rise, values should rise.

Early Market Opportunities for Sellers
With early inventory levels so low, there are significant opportunities for sellers who get their properties on the market early. There is a large pool of buyers waiting in most price ranges for homes and condos that have been well maintained and are move-in ready. With inventories low and demand strong, those sellers who may be waiting to put their homes on the market should enter the market now.
If you are ready to learn more about selling your home, please contact us. We’d be happy to learn about your goals and how we can help you start living the life you desire.