Mike's Macomb County Real Estate Blog

Macomb Township, Michigan Real estate Market Report ~ March 2014

Happy Spring everybody! Here's a peak at the real estate activity in Macomb Township for March. There were 76 closings for single family homes up from 42 last month! Of the 76 closings: 6 were bank owned (REO's) and 3 were short sales.

 

        Stats for March 2014

  • The average sale price was $245,995 & the median sale price was $258,950
  • The avg. days on the market was 48 & the median days on market was 22
  • The average List price was $250,778 & the median List price was $258,950

 

Currently to date, there are 235 active listings (single family homes) in the multi-list ranging in price from as low as $110,000 to as high as $649,900 with the median list price at $302,900. There are 137 listings under contract or Pending as of 4/14/14.

 

 

Looking at the absorbtion rate for the 1st Quarter in Macomb Township there is 4 months supply of inventory on hand which is still a Sellers Market.

 

 

If you want to know what your Macomb Township Home is Worth in Today's Market contact me for a FREE market analysis (cma)

~ No Pressure  ~ No Obligation 

 

 

Buyers ...... ready to start searching Macomb Township Homes For Sale? Search like an agent with a FREE Listingbook account. If you have any questions or need to hire a Macomb Township Buyers Agent don't hesitate to contact me!

 

 

Follow me on Twitter: @ShoresRealtor

 

 

 

 

 *Information deemed to be reliable but not guaranteed. Information taken from MiRealSource multiple listing service. Above sales were sold by agents and/or brokers. These statistics do not include for sale by owners.

_______________________________________________________________________________________________

 

Looking for a Great agent in Macomb County? Let me GOOGLE one for you. 
 

 Mike Mitchell -REALTOR®                                                               
 Real Living Kee Realty 

 

Call / Text: (586) 291-2652

 

 Email Me

 

http://www.mikemitchell.realtor

Search Macomb County MI Homes for Sale   

                             

 Mike Mitchell - Real Living Kee Realty     

                

Comment balloon 1 commentMike Mitchell • April 08 2014 07:37PM
Macomb Township, Michigan Real estate Market Report ~ March 2014
share
Happy Spring everybody! Here's a peak at the real estate activity in Macomb Township for March. There were 76 closings for single family homes up from 42 last month! Of the 76 closings: 6 were bank owned (REO's) and 3 were short sales. … more
Macomb Township, Michigan Real Estate Market Report ~ February 2014
share
Macomb Township saw 42 closings (for single family homes) for the month of February. Included in those 42 closings: 8 were REO's (Bank Owned Homes) and 2 were Short Sales. Stats for February 2014 The average… more
Sometimes Buyers Find Added Value in…
share
All buyers have their search criteria like must have at least 1 1/2 baths and a basement or must be a 1 story ranch. Some just have a few " must haves" like the ones mentioned. Others get more specific as to the interior features… more
Macomb Township, Michigan Real Estate Market Report ~ January 2014
share
Macomb Township started the 2014 real estate market off with 47 closings ( for single family homes) in January. Of those 47 closings, 11 were REO's or Bank Owned Homes. The average sale price was $230, 211 & the median… more