Happy Friday & Happy March 1st! I'm so ready for warmer weather. Looking forward to spring & summer!
I should have my St. Clair Shores real estate market report ready by the first part of next week. Still waiting on some final numbers to come in from those end of the month closings!
At a quick glance I can tell you this, inventory remains low, which is good news for sellers. The nice listings that are priced right are selling quickly, many times with multiple offers for asking price or above.
Buyers, although your choices are limited due to lower inventory there's still good news for you. The interest rates are still at all time record lows. Great opportunity to get a 30 year fixed at low, low rates.
Don't forget, Michigan First Time Home Buyers can apply for a $3,000 grant to assist with the purchase of a single family home! Active duty military and veterans can get up to $5,000! This is a geat opportunity for First Time Buyers! There was originaly $15 million put aside for this grant. As of this morning there is only $8,814,252 left. So if you were hoping to get a piece of this down payment assistance money you better get moving. No pun intended!
Have a great weekend everybody!
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