11/19/2024
This is my one minute market update for the Metro Detroit area.
Most of our private clients want to know 2 things about the real estate market-
1. Has the value of my property gone up or down? And number 2. If I were to sell, how long would it take?
For the month of October 2024 the average sales price was $293,000 which is about an 11% increase over October 2023.
On average homes are sitting on the market for 28 days, which is a slight increase over last year when they were at 25 days on market.
Real estate is hyper local so this may be better or worse than how your neighborhood is performing.
If youโre curious about whatโs happening in your direct local area, what your neighbors home sold for, or youโd like a home equity review of your property in todays market, shoot me a DM today!