Housing Market Forecast 2021
Troy MI Housing Market Trends for October 2021 Michigan
Troy Housing Market Trends
One of the ways you can protect your real estate investment is to know the “Is Know the Market You’re In.” We are closely monitoring the housing market trends in your area, and we know in advance when we will see a pivot back to a normal market by watching the housing market trends. It’s essential to strengthen your negotiation power to know the housing market regarding price and inventory. What we learned about the market before March 2020, you might as well through the data out the window; it’s useless.
Where to Start Housing Market Trends
The data is the average price range sold over 3-year housing market trends by City. I’ve broken the data down to 50k blocks and take your cursor to follow the graph line for details. The graph is a live feed and will update by the 15th of the month.
Step #1
Start with the price range you want to move from or move to. Move the cursor to follow the live trends. Just looking at the graph does not give the fell for the market.
Step #2
Next move to month supply on the market. Look at the same price range to see who has the advantage. Are the scales ⚖ dipping towards the Buyer or Seller? In some cases, the market has just remained flat. In most price ranges, we see more of a Sellers’ Market due to lack of inventory.
Step #3
Scroll down to Month Supply on Market. This trend is significant when pricing your home, and the average for Macomb and Oakland County is less than two months. Defiantly a Sellers’ market. As a Seller, you are more flexible on getting your asking price. For a Buyer, know there is going to be huge competition in most price ranges. I would recommend a plan upfront on how to negotiate in a bidding war.
If you have any questions, Call or Text 📲 248-343-2459.
Your Local Housing Market Trends
Before you review your hyperlocal data below by price range, let’s check what is going in your county year of year. What’s interesting is the massive jump in Median Sales price. The only reason buyers have not been pushed out of the market is the low interest rate that keeps their monthly payments lower. If interest rates jump back up to 4%, we will start seeing a market shift.
Inventory
With the low inventory, it’s a strong sellers’ market. Year over Year Month Supply of Inventory has seen a considerable decrease in how long it takes us to sell homes. So, buyers, make sure your 1st in the door so you don’t miss out on your ideal home. Prepare a plan in advance regarding your negotiation strength, and a strong mortgage approval will be crucial to your success.
Details Average Price
Live Feed, and you can follow the graph with your cursor.
Month Supply on Market
If no other homes came on the market, the month supply tells us how long it would take to sell all the homes. It’s important to track new listings and how that is going to affect supply and demand.
Live Feed, and you can follow the graph with your cursor.
This report updates weekly. To keep updated, review the market reports, and sign up. The report will be sent to your email inbox. The data is pulled from the Multiple Listing Service (MLS), so you can keep up to date.
If you have any questions, contact my Cell or Text 📲 248-343-2459
Want Top Dollar if Your Thinking of Selling?
When You Sell, 🛑 STOP Doing This!
No 2 homes are alike, and agents need to 🛑 marketing One Size fits all. We no longer have an exposure (internet) problem. The only way to compete on those platforms is the price. If you want more money, you need to Apply Influence. Separate your home from the competition, so the Buyer sees the value. Keeping them focused on your property and not getting lost in all the inaccurate data on public home search sites is critical. Remember MORE INFLUENCE = MORE💰. We have details on how you can utilize High Tech Marketing and Win!
We’ve just added Chat 🤖’s to our Property Websites so a potential buyer can ask questions right away. It’s essential to keep them focused and provide them with an emotional attachment right away. This platform goes way beyond the simple Facebook post and Facebook Ads. We are an influence marketing platform, not a throw-out and see what sticks platform.
Check It Out Our High-Tech Marketing Platform
Bottom-line for Housing Market Trends
Seeing this is my 3rd Recession in the real estate business. I’ve updated all the Selling and Buying Tips and Tools so that you can access my crystal ball. There are 2 parts to making the most money on the sale of your property.
2. High Tech Digital Marketing,
It’s important to separate your property from the competition; equally important, you want to keep the buyer focused on your property and not get lost in the shuffle. Having digital omnipresence on serval platforms is your key to success. Remember, Influence = MORE 💰
3. Know your Negotiation Power
First and Foremost, Safety First!
As we move forward, trying to navigate our way through our new surroundings. Putting your dream of a new home on HOLD shouldn’t be one of them. Now more than ever, knowledge will be your power.
In Closing
If you have any questions, contact us: Chatbot 🤖’s on the bottom right. Contact me by Email 📩 or my Cell 📲 @ 248-343-2459. With all the doom and gloom of the virus, one thing history has shown us, this will NOT define us. Stay safe! Would you mind sharing your thoughts below or what future article you would like to see? Select or Scroll through are articles for up-to-date information regarding Buying or Selling. Your opinion is important to us…this site is for you. ❣
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