Our Macomb County MI area has been in the midst of this real estate
downturn for several years now, and I thought it would be interesting
to see how this past September home sales compared to the previous
Septembers (2007 and 2008).
While we aren’t seeing home prices stabilizing as of yet, we are
seeing fewer homes come on the market. We’re also seeing more homes being
sold this year than in years past. That should help us in the near future with
the supply & demand issue that has been so heavily tilted to the “supply” side
of the market.
| Macomb County MI | September 2007 |
September 2008 |
September 2009 |
| Homes listed |
2020 | 1948 | 1475 |
| Homes sold |
525 | 797 |
840 |
| Avg. sales price |
139795 | 115136 | 89751 |
It’s interesting to note that while fewer homes are coming on the market this
year (less foreclosures and bank owned homes) there is more competition for
the homes.
The increase in the homes sold when comparing September 2007 to this
past September is 60%.
If you would like specific information regarding your Macomb
County homes value please don’t hesitate to contact me.
No pressure - just conversation.
All data courtesy of Mirealsource™ and its participating real estate brokers and agents
and is deemed to be reliable but not guaranteed.

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