Before you buy a home or sell a home in Royal Oak MI, then start with your Home Prices & Trends.
Know Your Numbers... It's the only way to protect your money!
Royal Oak MI Home Prices & Trends for August 2022
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 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 Royal Oak MI 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.
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 feel for the market.
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.
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 in getting your asking price. For a Buyer, know there will be huge competition in most price ranges. I would recommend a plan upfront for negotiating in a bidding war.
If you have any questions, Call or Text 📲 248-343-2459.
General Home Prices & Trends for Royal Oak
Before you review your hyperlocal data below by price range, let’s check what is going on 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 could see 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.
Turn phone to review graph
💥 Important 💥Dial into Hyper-Local Home Prices ~ Trends and Inventory
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 houses. 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.
Live Feed Update
From the Multiple Listing Service (MLS)
I recommend you review the full report and request updates sent to your email inbox to keep up to date as the information changes often.
Have a Question ~ Tech Support?
Direct Access to the MLS ~ Homes for Sale ~ Newly Listed ~Coming Soon and More 🤩
Another huge feature you can modify and look for homes Coming Soon only, or view homes that have been on the market X numbers of days. Maybe a 1st floor primary bedroom or office is important. You can even search by lot features like ~ Golf Frontage ~ Water Frontage ~ Acreage ~ Large private treed lot or even a Cul-de-Sac. Your options are endless because I programmed it that way. You also have tech support via cell or online messenger. Let me know what I can do to help.
Do You Homework to find the Best Lender and Program for You
💥 Important 💥 We’ve seen many changes lately with high mortgage rates and now lenders are designing special programs to help you and compete for your business… Great News!
✅ Do ~ Find out your FICA Score not your credit score. Check with your banking institution, they usually provide free FICA Scores.
✅ Do ~ Pull a free credit report from you bank or Free Credit Agency
Your 🔑 To Home Selling and Buying Success ~ Safe eGuides
Watch Video for Sneak Peak
Don’t muddle through the Home Buying and Selling Process. Buying a new home is a dream for all of us, and it’s an emotional and stressful process.
It also involves the most significant financial transaction you probably will make in your lifetime. Your Buying Guide…will walk you through tips, strategies, and how to understand the numbers to strengthen your negotiation power.
Your Selling Guide…It will help you work through the selling process using the latest in high-tech market tools, so you make MORE Money. Our goal is to separate your home from the competition, keep Buyers focused on your house. The Selling Guide is very detailed and works step-by-step, so you’re guaranteed Top Dollar for your home.
Bottom Line: Royal Oak Home Prices & 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
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!
If you have any questions, contact us: Chatbot 🤖 at the bottom. Contact me by Email 📩 or my Cell 📲 @ 248-343-2459. Would you mind sharing your thoughts below or what future article you would like to see? Your opinion is important to us…. this site is for you.🤩 To Keep up to date request our 🏡 Chat Newsletter or Follow us on Facebook, Instagram, or YouTube.