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RRochester Real Estate Market for August

Macomb County Real Estate Market Update for March

Last week we looked at the Oakland County Real Estate Market Update for March and this week we turn our attention to Macomb County Real Estate. We will once again begin with the year-over-year comparison of Homes for Sale from 3 years ago in March to the current year of March. You will notice from the graph below that inventory is down in Macomb County as it was in Oakland County. Once again, less inventory means less competition.

Next, we’ll look at the year over year New Listings in March as a comparison. We note that 2017 saw a drop in new listings for March from the previous year of -20.4 percent and in March of 2018 we dropped 5.8 percent from the previous year of 2017.

 

The last graph we are going to review is DOM (Days on Market) and that again, will be 3 years of year over year comparisons for March. I believe going back 3 years gives us a really good overview of the current situation and in turn helps us look at where things are heading.

I am sure you see in both Oakland and Macomb County the inventory is definitely reflective of the rest of the country. Inventory is down all over our nation. For a buyer, that means you’d better be serious when you are out looking for that home because making an offer immediately will be key to finding your next home. Make sure you are pre-approved and ready to pounce!

If you are considering putting your home on the market, give us a call. Let’s review the steps you need to take and what the equity is that you have in your current home. You may be surprised.

We have market statistics on everything right down to your city and neighborhood. If you have a question regarding how the market is affecting your neighborhood, call us for specifics; it’s what we do!

Welcome to The Integrity Team 🙂 You belong here.

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