Macomb County Realtor® Report- Seller Market Continues as March Closes Out:
Nevermind the Nay-sayers, this hot real estate market continues on. All numbers are indicating the buyers are out and buying homes. Inventory had a modest increase YOY from 2018 to help fill the buyer demand.
More homes listed, more closed sales, and more pending sales across the board when compared to March 2018, and we still have more active listings YOY as well, as the sellers continue to list, are we tracking toward a more balanced market? We'll have to watch the coming months but we are still significantly under the 5 year average for inventory.
This healthy demand is driving home values up nearly 6% compared to March 2018! The median days to sell is also indicating buyer demand with a median of only 24 days.
Sellers still hold the cards in Macomb County with as the average seller is getting 95% of their original list price across Macomb County. Down YOY but trending up year to date.
Have you thought about selling? Contact your Realtor® at The Hartwig Team today, a market analysis is free and there is NO obligation. Talk to you soon!