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Health & Fitness

How's the Market?

People ask all the time "how's the real estate market?"  To which I reply.....CRAZY LOL!  Here is a quick Wednesday update on our current real estate market.  I pulled the numbers for the past 3 months, and it's the same trend we've seen for the past year and a half or so.  On average homes are selling for 97% of their asking price.  That means that if a home is listed for 200K then it sells on average for 194K or 97%.  The average time on the market is just over 30 days, but.........the "good" ones don't last that long. I can give you a good example.  I was working with a buyer 2-3 nights a week looking for a home in Macomb Twp around the 250-275K mark. We searched and searched with no luck.  Finally I get a call one morning about a home that just listed, but the pictures weren't loaded up yet.  Normally I wouldn't run out to view a home until I at least see some pictures.  This home was the exception it fit the bill, so we headed out that afternoon to look at it.  It was exactly what we were looking for, and we were able to get it under contract before most people even saw pictures.  Sometimes you need a little luck!
In our market right now there is not enough inventory.  A home that is priced right will be gone in days. If you're thinking about selling your home, it is a great time!  Interest rates are still relatively low(even though they're creeping up weekly), and inventory is very low which means you will get top dollar for your home.  If you're thinking about selling your home.....buying a home.....or investing in real estate contact me today! Enjoy your Wednesday!

Chris Taylor
Keller Williams
 Macomb
586-524-1095
Chris.taylor@kw.com

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