Housing Market – Get Your New Trends for Troy MI

Housing Market Update for Troy MI:

Are you thinking of Buying or Selling in Troy MI? To strengthen your Negotiation Power, start with your Housing Market Updates!

Housing Market Trends for Troy MI Jan 2022 | Team Tag Itsold

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 viewing 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 ⚖ tipping towards the Buyer or Seller? In some cases, the market has just remained flat. We see more of a Sellers’ Market in most price ranges 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 will be huge competition in most price ranges. I would recommend a plan upfront on negotiating in a bidding war.

If you have any questions, Call or Text 📲 248-343-2459.

Troy MI Housing Market Trends for Jan 2022 | Team Tag It Sold — CLICK PICTURE TO ENLARGE

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.

Housing Market 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.

Housing Market Report

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

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Bottom-line Housing Market Trends

I’ve updated all the Selling and Buying Tips and Tools, so you have access to my crystal ball.

Simplifying Real Estate Through Education

As we move forward, it’s been challenging as we navigated through all the changes. Putting your dream of a new home on HOLD shouldn’t be one of them. Now more than ever, knowledge will be your power. Know the Market You’re In and your Negotiation Power. Check out Categories for additional updates regarding the Market | Buying | Selling

If You Need To Sell 1st… I Recommend 🛑Doing This!

No 2 homes are alike, and agents need to 🛑 marketing ONE size fits all. We no longer have an exposure problem (internet). Your home is buried on public home search internet sites. 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 value. Keeping them focused on your property and not getting lost in homes’ inaccurate data on public internet sites is necessary. Having digital omnipresence on serval platforms is your key to success. Remember MORE INFLUENCE = MORE 💰. We have details on how you can utilize High Tech Marketing and Win!

Have Questions?

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