Less Inventory, Higher Sale Prices in Macomb County Housing Market

Home prices rose significantly in Macomb County while there were fewer properties on the market, according to Realcomp statistics from June 2013 compared to June 2012. 

The average sale prices jumped about 34 percent for the county. Meanwhile, there was a nearly 30 percent drop on inventory during that time frame. The number of foreclosure sales was down approximately 43 percent from last year, but the regular home sales was up by about 18 percent, the figures show.


Home owners can still be encouraged because fewer distressed sales have created a housing environment in which sellers average less than 60 days on the market for their listed property, according to Brian Powers of Keller Williams Realty in Macomb County.   

Due to the housing market conditions, there's a strong buyer demand in the area, including in Macomb Township, Powers said.

"Mortgage interest rates have started to climb but remain low historically. Low interest rates will continue to help fuel the housing recovery," he said.