Mike's Macomb County Real Estate Blog

Macomb County Real Estate 3rd Qtr Market Report

 

I think that most people have heard by now that the Macomb County Real Estate market has been pretty hot this year! Buyers are finding themselves waiting for the right home to come on the market with the lack of inventory out there, and when it does, they have to jump on it so as not to lose it. Many times making full price offers hoping to get it accepted by the sellers before any other offers come in and a bidding war starts. 

 

The following stats are for all of Macomb County. Each city within the county varies, as I'm sure you've heard me say before .... Real Estate is Local! But overall, this gives you a quick snap shot of what's happening in the Macomb County real estate market.

 

                    3rd quarter 2013 stats

  • there were 2500 closings ranging in price from as low as $3,800 to as high as $1,075,000
  • Average Sale Price - $143,907
  • Median Sale Price - $123,250
  • Average Days on Market - 40
  • Median Days on Market - 17

 

Is the market coming back? Look at last years 3rd quarter stats

                    3rd quarter 2012 stats

  • 2463 closings
  • Average Sale Price - $110,938
  • Median Sale Price - $85,000
  • Average Days on Market - 53
  • Median Days on Market - 26

 

Absolutely! The low inventory is helping prices rise and we are indeed experiencing a sellers market

 

 

Want to know what your Macomb County Home is Worth? Contact me for a FREE market analysis (CMA)

                         * No Pressure    * No Obligation

 

 

Buyers, want to stay on top of the market? Search Macomb County Homes For Sale like an agent with a FREE Lisitngbook account.

 

 

*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 owneres. Selling prices did not include sellers concessions Rental properties were not included in stats. 

 

 

 

_______________________________________________________________________________________________

 

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 0 commentsMike Mitchell • October 07 2013 08:47AM

Comments

Participate