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Friday, May 26, 2017

Real Estate Market Report for May 2017

The real estate market in Southeast Michigan remains very "tight", with record low inventory driving market prices up. The graphic below provides a quick summary:

In this very "tight", low-inventory market is is more important than ever to seek the good real estate advice of a Realtor. It is definitely a "seller's market"; but, that does not mean that sellers can be successful with outrageous prices or that buyers must engage in bidding wars on every house. Both buyers and sellers risk making serious mistakes without the guidance and help of a good Realtor.

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